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The AI boom is great for stocks, not so much for jobs

AI,Markets,Banking and Finance

From the Left

Soaring investment in artificial intelligence, and the infrastructure that makes it possible, is driving economic growth and a booming stock market — but not demand for human workers. The big picture: The job market is teetering despite — and perhaps in part because of — the onset of advanced AI. A core political question for the coming years will be what, if anything, government ought to do about it. The unemployment rate is low for now, but job creation has ground to a near-halt — and there are deep divides...

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