""My first reaction was to be very scared. I needed to work things out carefully in order to be less scared-not to convince myself not to be scared, just to look at history and look at people's preferences, bring these things together.""
"Wall Street takes Imas' warnings seriously, too. A Morgan Stanley research note last month recommended that investors follow Imas as a primary resource on AI's employment impact, saying he was among the valuable third-party resources on the topic."
Alex Imas, a University of Chicago economist, is a prominent researcher on AI's impact on the labor market and an enthusiastic adopter of technology. He takes seriously the potential for automation to eliminate jobs, leading to economic contraction due to decreased demand. While he finds negative economic growth unlikely, he acknowledges the risks of high unemployment affecting the economy. His insights are valued on Wall Street, with Morgan Stanley recommending him as a key resource on AI's employment effects.
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