Posted 11/28/2023, 9:51:00 AM
AI Rapidly Adopted and So Far Creating Jobs, Especially for Young and Highly-Skilled
- AI (artificial intelligence) is being rapidly adopted but so far is creating, not destroying jobs, especially for the young and highly-skilled
- Firms have invested heavily in AI, leaving economists striving to understand the impact on the labour market
- Employment share of sectors exposed to AI has increased, with highly-skilled positions getting the biggest boost
- AI is linked to neutral to slightly negative impacts on wages, which could increase
- Most of AI's impact on employment and wages is yet to be seen