Posted 1/23/2024, 4:33:27 PM
Study: AI Still Too Costly to Rapidly Replace Many Workers
- MIT study finds replacing human workers with AI is still more expensive in many cases due to upfront costs
- Just 23% of workers' wages would be financially attractive to automate currently
- Gradual AI job displacement expected, allowing time for retraining policies
- Study examined 1,000 visual inspection tasks across 800 occupations as example
- Results reinforce need for policymakers to prepare, but transition will be gradual