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AI Could Help Offset Aging Demographics Impact, Says LPL Chief Economist

GateNews

AI Industry News

2026-05-21 22:13:16

According to LPL Financial chief economist Jeffrey Roach, artificial intelligence may help offset the impact of aging demographics on the U.S. economy. In a statement on May 21, Roach said AI can address labor shortages by boosting worker productivity rather than relying on workforce expansion. It can automate repetitive tasks, enhance decision-making, and enable smaller teams to achieve the same or greater output. Roach also noted the policy implications: as labor force growth slows, tax revenue faces pressure while government spending on healthcare and pensions continues to rise.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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