AINeutralFortune Crypto · 4h ago6/10
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‘The gains will be substantial’: The AI shock is looking a lot like the China shock, and a top economist says that’s actually good news
An economist draws parallels between AI's disruptive impact on labor markets and China's manufacturing surge from 2001-2019, which eliminated nearly 60% of U.S. manufacturing jobs. The comparison suggests AI-driven economic shifts may ultimately generate substantial gains despite near-term displacement, echoing arguments made about globalization's long-term benefits.
