ifo News
The ifo Institute is a German research organization that publishes the influential Business Climate Index.
AI makes entry-level jobs harder, may lower wages
Artificial intelligence is transforming the job market, making it more difficult for young people to enter, particularly in office roles. Businesses also anticipate AI could lead to lower wages, according to the ILO and Ifo Institute.
German Firms Predict AI Will Lower Wages
A survey by the Ifo Institute indicates that German companies are more likely to anticipate a decrease rather than an increase in wages over the next five years due to artificial intelligence. Younger employees are seen as particularly affected.
Ifo: Iran conflict hits poor households, pensioners hardest
The Ifo Institute reports a price shock due to the Iran conflict, forcing German households to manage billions in additional expenses. Lower-income households and pensioners are disproportionately affected.
The ifo Institute is a German research organization that publishes the influential Business Climate Index.