AI May Not Steal Many Jobs After All. It May Just Make Workers More Efficient
💻 The White House Council of Economic Advisers found "little evidence" that AI will impact overall employment negatively. A study by MIT's David Autor highlighted that 60% of the jobs in 2018 didn't exist in 1940, created by emerging technologies. Job cuts due to AI have not been significantly noted by outplacement firm Challenger, Gray & Christmas. A 2023 study positioned telemarketers and language teachers as most exposed to AI like ChatGPT. IKEA, in 2021, retrained 8,500 workers to higher-value tasks after introducing a chatbot. A Stanford and MIT study observed a 14% productivity increase in workers using an AI tool, with the least-skilled workers gaining a 34% boost.
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