Businesses trying to do more with less have historically leaned on automation during recessions, but the advent of generative AI could scramble the typical pattern of winners and losers when the next downturn strikes. While white-collar knowledge workers have previously not suffered from severe recession-induced layoffs or jobless recoveries, the next time could be different, JPMorgan senior U.S. economist Murat …
Read More »This unprecedented shift in unemployment suggests AI could strand white-collar knowledge workers in a jobless recovery after the next recession
