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AI alone cannot shorten the work week

The technology could raise prices and consumption before it gives us more free time

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AI evangelists seem to agree: widespread adoption will lead to a shorter working week. OpenAI chief Sam Altman has called for a reduction to four days; JPMorgan Chase boss Jamie Dimon says three and a half. Microsoft co-founder Bill Gates goes as low as two.

But such a future is currently far-fetched. AI productivity gains do not immediately translate to fewer working hours. Assuming we do not see fundamental changes in the structure of the economy, higher costs and more consumption will prevent major increases in leisure time.

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