The most popular topic currently is AI.
Most writers, assisted by some form of AI, will deal with the 1st round effects of AI. These consist in the immediate consequence of the use of AI in office work, medical and military applications, music and all producing or creative industries. As an economist you take the input – output matrix of the economy (OECD countries) and take AI as an additional dimension of this I/O matrix, for example. The result is an AI-augmented model of the economy. This 3-dimensional cubic view of the economy asks to reflect on the potential short-term and medium-term impact of AI.
Let’s take the example of translation and editing services. AI will in the short-term or the 1st round effects make it easier to offer mechanical translations with fast turnaround. Most likely, this will lead to less translators needed for routine translations of longer texts, which would otherwise be a very costly endeavour. The 2nd round effects, however, will make the expert knowledge of translators of texts, where every word counts, more necessary in order to provide the best version of a translation targeted on specific audiences.
In the legal domain, for example, the precision of words is primordial and errors can be very costly. Hence, the 2nd round effects of AI in this field will increase the demand for high quality translation services more than before the use of AI. The important shift consists in these 2nd round effects of AI, which give a push to multilingual societies as just one medium-term outcome.
Please use AI to read (listen) to this paragraph in your native language or even dialect using your favourite AI-tool. 
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