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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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