Industry Newslabor economicsproductivitybank of americamarket reaction
Bank of America Predicts AI Creates New Jobs
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Bank of America Securities economists Claudio Irigoyen and Antonio Gabriel told Seeking Alpha on March 1 that AI adoption is more likely to create new kinds of jobs than to simply eliminate them. They say major productivity gains could raise total output even if labor’s income share falls, and displaced workers will shift into unforeseeable new roles.
