Minneapolis Fed president: AI not affecting labor market as much as other factors

Labor Market Concerns - The industry is monitoring the potential impact of white-collar and new graduate job seekers facing difficulties in finding employment [1] - Immigration policy changes, such as border closures, have significantly altered the job growth break-even rate [2] AI Impact Assessment - The industry views AI with optimism but acknowledges that its labor market effects may be slower than initially anticipated [3] - The industry notes that predictions of widespread displacement of long-haul truck drivers by self-driving technology have not materialized in the short term [3] - The industry is carefully observing AI's influence but has not yet seen substantial effects on the labor market compared to other policy developments [4]