Federal Reserve's Kashkari: AI Leads to Hiring Slowdown in Big Firms
1 week ago / Read about 0 minute
Author:小编   

Neil Kashkari, who serves as the President of the Federal Reserve Bank of Minneapolis, pointed out that the advent of artificial intelligence (AI) technology is causing large enterprises to reduce the pace of their hiring processes. In the meantime, a multitude of companies are reaping substantial productivity gains by harnessing the power of AI. Kashkari predicts that, moving forward, the labor market will continue to exhibit a pattern characterized by "limited hiring and minimal layoffs," though this trend is less pronounced within the small - business sector.