What effect is AI having on jobs? Are the young getting “screwed”, as The Economist recently claimed? Will whole industries replace most of their workers with AI? These questions are being asked across the world. Here in Europe, where many people are feeling glum about the continent’s economy and its prospects, concerns are as great as anywhere else. These fears are greatly exaggerated, for the moment at least. One of my favourite slides to use in presentations these days is a chart from the European Central Bank showing the unemployment rate in the countries that make up the EU today,…

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