Part 4/12:
A long-term concern is the disruptive influence of Artificial Intelligence. While AI could theoretically generate millions of new jobs, it is also expected to displace tens of millions of existing roles, particularly in sectors like manufacturing and services. This technological shift promises productivity gains but at the cost of widespread unemployment, complicating the economic outlook.
Labor demand for workers has sharply declined, with data from Europe indicating that countries like Germany, traditionally known for a strong work ethic, are experiencing reduced work hours and productivity. Countries such as Denmark, the Netherlands, and others with historically high work hours are seeing a decline, raising questions about sustainability in a changing global economy.