labour market

AI Wage Suppression: ILO Warns of ‘Collusion’ Risk

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AI’s Silent Threat: Algorithmic Collusion and the Future of Work March 27, 2024 Beijing – Concerns surrounding artificial intelligence and its impact on the global workforce are shifting, according to a leading economist. The primary danger isn’t widespread job displacement, but a more insidious phenomenon: algorithmic collusion that could subtly suppress wages and compromise workplace … Read more

Australia Unemployment: 4.1% Fuels Rate Rise Talk

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Australia’s Economic Tightrope: Why a Steady Unemployment Rate Could Still Trigger Further Rate Hikes Despite defying predictions with a steady unemployment rate of 4.1% in January, Australia is walking a precarious economic tightrope. While a resilient jobs market might seem positive, the underlying conditions suggest the Reserve Bank of Australia (RBA) may still be compelled … Read more

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