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Apollo Chief Economist: AI's initial impact is more on wages than employment
Apollo Chief Economist Torsten Slok's study of hundreds of occupations found that jobs with higher exposure to AI have seen weaker wage growth, while the employment effect remains relatively small. Slok also noted that AI is helping fuel record business formation, which could create new jobs and make the economy more dynamic.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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