As AI advances, there is hope that it can change the way we work, even to the point of creating a four-day work week. To explore this concept further, Christopher Pissarides, London School of Economics Professor and Nobel Prize-winning Economist, joined Bloomberg’s Caroline Hyde and Ed Ludlow on what could be a potential game changer.
The conversation analyzed how generative AI could lead to a potential 4-day work week, and the London School of Economics professor is hopeful about the labor market being able to adjust quickly if the changes occur. AI’s potential for advancing the labor market is potentially what fuels Professor Pissarides’ optimism.
The success of generative AI also opens up possibilities for people to build businesses and increase their productivity, allowing for more flexible lifestyles. Furthermore, AI assisted advancements can help to drive economies and create a better landscape for small businesses.
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Christopher Pissarides is a professor at the London School of Economics as well as a Nobel Prize-winning economist. He has written numerous books on economic topics, focusing on his expertise in labor economics, macroeconomics, and public economics. He served as a lecturer at both Princeton University and the University of Cyprus, and he was previously appointed to the Monetary Policy Committee of the Central Bank of Cyprus. He currently serves as Chair of the Academic Advisory Council for the Office of Financial Research and is a regular contributor to media outlets such as Bloomberg.
