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Story summary
- Fears that artificial intelligence could replace workers prompt higher-income employees to remain in their jobs longer.
- The University of Michigan Survey of Consumers shows high-earner confidence in the labor market at historic lows.
- The New York Federal Reserve reports record-high unemployment anxiety.
- Automatic Data Processing, Inc. (ADP) notes turnover in white-collar jobs is at record lows.
- UBS chief economist Arend Kapteyn says AI fear may be a factor.
