"Even though A.I. is moving into the next phase of its development, the birth of the industry came at the “perfect time” for the global/U.S. economy, the partners write. The U.S. economy is facing an existential problem whereby it risks not having enough workers to fill all of its jobs. Essentially, the current, extremely tight labor market will be a permanent fixture of the economy rather than a recent trend. “The U.S. workforce fell into a wormhole and disappeared,” Kedrosky and Norlin write."—A.I. came at 'perfect time' to save the economy, VC says | Fortune
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"Kedrosky and Norlin believe demographic trends will ultimately lead to a drastic decline in overall productivity as industries like retail, manufacturing, and health care struggle to fill open positions. There’s some indication that those trends are, in fact, here to stay. The overall labor force participation rate is still about a percentage point lower than it was in February 2020. In a workforce the size of the U.S.’s that can equal several million workers."—A.I. came at 'perfect time' to save the economy, VC says | Fortune
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