Kansas City Federal Reserve President Jeff Schmid warned that businesses are pausing hiring to reassess skills as artificial intelligence and an aging population reshape the labor market.Recent data shows the US unemployment rate hit 4.4 percent following the loss of 92,000 positions during a period of massive investment in automation.A CNBC survey highlights a growing gender gap where 64 percent of women avoid using artificial intelligence at work compared to 55 percent of men.Leaders from
JP MORGAN and other firms emphasize that retraining is essential to prevent technology from worsening existing workplace inequalities.