ECB's Lane Sees No Major Change in Employment Trends
Lane said AI's potential to replace some workers may weaken bargaining power.
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ECB's Lane: The potential for AI to replace some workers may weaken their bargaining power, moderating wage growth.
ECB's Lane: The potential for AI to replace some workers may weaken their bargaining power, moderating wage growth.
AI limiting European workers' bargaining power, ECB's Lane says
FRANKFURT, Oct 13 (Reuters) — The increased use of AI by euro zone companies could curb workers' ability to demand higher wages while heavy investment into the new technology may be materially tightening financing conditions, ECB chief economist Philip Lane said on Tuesday. With inflation now running at nearly twice th