ECB's Lane Says AI Could Offset Working-Age Population Decline
ECB's Lane said AI's potential to offset the economic impact of a projected fall in the working-age population is especially valuable.
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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