More growth but fewer workers needed? Countries grapple with the risk of 'jobless growth' amid AI boom

πŸ‡ΈπŸ‡¬ Channel NewsAsia (SG) —
More growth but fewer workers needed? Countries grapple with the risk of 'jobless growth' amid AI boom

AI Summary

Amid the AI boom, countries including Singapore face challenges of 'jobless growth' where economies grow richer but demand fewer workers. Experts highlight the need to rethink economic prosperity, jobs, and growth dynamics in this AI-driven shift.

What happens when an economy keeps getting richer, but no longer needs as many new workers to grow? As AI reshapes how companies operate and where economic value is created, Singapore may need to rethink the relationship between growth, jobs and prosperity, experts say.

World Markets AI & Tech AI boom jobless growth Singapore economic growth labor market technology impact

Read original source →