AI ‘collusion’ forcing down wages a bigger threat than job-stealing robots: ILO economist

The threat to employment posed by artificial intelligence was not a “robot apocalypse” that would steal jobs, but “algorithmic collusion” that could quietly erode wages and workplace safety, Ekkehard Ernst, the International Labour Organization’s chief macroeconomist, warned in Beijing on Tuesday. While public anxiety frequently centred on the potential for AI to trigger a mass wave of unemployment, Ernst said its disruptive potential had been overestimated. “I don’t think that we are anywher...

By Carol Yang