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When an employer lists a job opening, they receive hundreds of applications. Eightfold is a new product that uses artificial intelligence (AI) to scan resumes

When an employer lists a job opening, they receive hundreds of applications. Eightfold is a new product that uses artificial intelligence (AI) to scan resumes and quickly and accurately identify the applicants who are the best fit for the job. An economist who studied the use of AI in hiring said, "You get the more nontraditional, equally qualified, equally high-performing people, but the employer doesn't seem to have to compete for them as much." What effect might the use of AI have on the slope of the Phillips curve and why?

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