Part 9/11:
Looking ahead, the conversation indicates that interest rate cuts are likely, possibly by a quarter or half a percentage point in the upcoming December meeting. Such moves could stimulate economic activity, potentially creating more jobs and mitigating AI-driven job losses.
However, experts caution that automation and AI pose long-term challenges to employment, potentially leading to "worthless" jobs and wider economic disparities. The necessity for thoughtful government intervention is acknowledged, with some advocating for examining solutions like Universal Basic Income (UBI) to address job displacement.