The rise of AI chatbots in workplaces has led to significant investment from companies, yet their impact on efficiency and worker earnings is minimal. A study involving 25,000 workers found that AI integrations resulted in only a 3% reduction in time spent on tasks, and only a small percentage of productivity gains influenced salary increases. The findings challenge the perception that AI will drastically transform the labor market, as macroeconomic data shows white-collar employment has actually increased. Experts argue the narrative surrounding AI-induced unemployment may overlook other economic factors.
"While adoption has been rapid, with firms now heavily invested in unlocking the technological potential, the economic impacts remain small," the two economists wrote in their paper.
"Software, writing code, writing marketing tasks, writing job posts for HR professionals - these are the tasks the AI can speed up," coauthor Anders Humlum, at UChicago, told Fortune.
"But in a broader occupational survey, where AI can still be helpful, we see much smaller savings."
Collection
[
|
...
]