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    Question

    According to the ILO’s "World Employment and Social

    Outlook: September 2024," which factor is cited as a major cause of declining labor income globally?
    A Economic recession Correct Answer Incorrect Answer
    B Artificial Intelligence Correct Answer Incorrect Answer
    C Global trade wars Correct Answer Incorrect Answer
    D Supply chain disruptions Correct Answer Incorrect Answer
    E Natural disasters Correct Answer Incorrect Answer

    Solution

    AI has been cited as a major cause for the decline in labor income, as it has increased labor productivity but reduced the share of labor income.

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