European Central Bank Chief Economist Philip Lane said in Dublin, Ireland, that more active use of artificial intelligence by eurozone companies could weaken workers’ ability to demand higher pay. Channel NewsAsia reports . According to Lane, AI has not yet changed overall employment trends, but companies are cautiously planning new hiring. This limits workers’ ability to demand compensation for high inflation and may explain the slowdown in wage growth despite rising prices. He noted that the potential replacement of some categories of workers by technology could weaken their bargaining positions, restrain earnings growth and reduce labour’s share of total income. More current news is available on the UA.News Telegram channel Telegram .
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.