Posted 1/22/2024, 4:37:00 PM
MIT Study: AI Job Automation Will Happen Gradually, Allowing Time for Safety Nets
- New MIT research finds AI automation of jobs will likely happen gradually, not abruptly as some feared, with only 23% of vulnerable wages economically beneficial to automate now
- Study analyzed majority of jobs considered at risk of automation, calculating costs of replacing humans vs AI
- Retail worker example shows in many cases humans still more cost effective than machines for certain tasks
- Gradual transition gives policymakers time to establish safety nets and retraining programs to offset AI job impacts
- Findings provide quantitative sense of timeline for worker displacement, allowing concrete planning around retraining needs