Thoughts on Global Agenda

AI and Labor Inequality: When Institutional Structure Meets the New Economy

Let me tell you about something happening right now. Artificial intelligence is reshaping the global economy. But not in the way most people think. This is not about machines taking jobs. This is about how institutional structures determine whether AI amplifies inequality or reduces it. The Numbers Are Not What They Seem The IMF tells us that AI will impact…

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LIBOR

LIBOR interest rates have been on the rise since 2015.  As can be seen in Figure, this interest rate rises significantly before every crisis. It rose to 2.4 percent in 2019, which is not seen in the graph, and has started to decline since that year. As of September 2020, this ratio is around 0.82 percent (www.global-rates.com). The crisis comes…

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