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This raises demand while in the economy, which drives the creation of latest output – together with new products and new industries – which then results in new Positions for the individuals that ended up replaced by devices in prior Work opportunities. The end result is a bigger economic system with bigger content prosperity, more industries, a
Suppose AI Once more replaces that labor? The cycle would repeat, driving shopper welfare, economic progress, and occupation and wage expansion even higher. It will be a straight spiral as many as a material utopia that neither Adam Smith or Karl Marx at any time dared dream of. This time, we lastly contain the technological innovation that’s go
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