The case for AI as an engine of job growth, not a layoff machine

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• A growing chorus of economists led by Torsten Slok is making the case for AI creating job growth.
• The Apollo chief economist argues that lower labor costs can actually increase demand and add jobs.
• Still, companies continue to cite AI as a reason for staff layoffs.

Since AI first emerged as a transformational force, one of the main worries has been the impact on employment. In an imagined dystopian future, the machines have taken over...