https:\/\/finance.yahoo.com\/economy\/policy\/articles\/ai-could-trigger-layoff-trap-081101725.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“”The main question we wanted to understand is who’s going to be left to buy products if everyone gets automated and replaced by a robot?” Tsoukalas, a senior fellow at Wharton, told journalist Katty Kay on the New Normal podcast that was posted on Monday.<\/p>\n
The paper describes a classic economic dilemma: A single company may recognize that laying off too many workers reduces demand for its products, but in a competitive market, every company has an incentive to automate, because failing to do so risks losing to rivals.”<\/p>\n
https:\/\/finance.yahoo.com\/economy\/policy\/articles\/ai-could-trigger-layoff-trap-081101725.html<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[1129,217,165,271,1005],"class_list":["post-22714","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-ai","tag-economics","tag-economy","tag-jobs","tag-technology"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/22714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22714"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/22714\/revisions"}],"predecessor-version":[{"id":22715,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/22714\/revisions\/22715"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}