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Sentiment can swing dramatically. Not that long ago, markets worried there would never be enough workers. Western economies would face structural labor shortages, leading to persistent wage driven inflation. This week, that anxiety has done a 180. Knowledge work can suddenly be automated, and instead of too few workers, we seem to have too many. The fear is mass unemployment driven by AI.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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