News Summary

• University of Chicago economist Alex Imas is one of the leading researchers on AI's labor market impact.
• Unlike many of his peers, he is taking the doomsday scenarios, perhaps best exemplified by Citrini Research’s viral essay on “ghost GDP” and spiraling deflation, very seriously.
• Imas has written that he finds actual negative economic growth unlikely, but he said the scenario of high unemployment and a drag on the economy as a result of that unemployment is worth taking seriously.