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AI limiting European workers' bargaining power, ECB's Lane says

FRANKFURT, Oct 13 (Reuters) - The increased ⁠use of AI by euro zone companies could curb workers' ability to demand ⁠higher wages while heavy investment into the new technology may be materially ‌tightening financing conditions, ECB chief economist Philip Lane said on Tuesday.

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欧洲央行行长莱恩表示,人工智能正在限制欧洲工人的议价能力。

FILE PHOTO: Philip R. Lane Chief Economist, European Central Bank talks to Balazs Koranyi, Chief Correspondent, Reuters (not pictured) at the London Stock Exchange, London, Britain, June 17, 2024. REUTERS/Anna Gordon/File Photo

FRANKFURT, Oct 13 (Reuters) - The increased ⁠use of AI by euro zone companies could curb workers' ability to demand ⁠higher wages while heavy investment into the new technology may be materially ‌tightening financing conditions, ECB chief economist Philip Lane said on Tuesday.

With inflation now running at nearly twice the ECB's 2% target on expensive energy, policymakers are searching for signs of second-round price effects, but have ​so far concluded there are none, especially in wage ⁠growth.

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