"The leaders of AI companies have been stoking those fears - an effective way to get meetings with lawmakers. In May, Anthropic CEO Dario Amodei expressed concern that within five years, AI could cut the number of entry-level white collar jobs in half. OpenAI CEO Sam Altman has made similar pronouncements. And major companies conducting layoffs like IBM and Salesforce have held themselves up as examples of that narrative, though their employee culls may be more focused on outsourcing than automation. Smaller companies like Fiverr have also cited AI amid layoffs."
"AI cheerleader Microsoft recently added fuel to the fire with a report on jobs most likely to be affected by AI, only to later distance itself from the blaze by noting, "our study does not draw any conclusions about jobs being eliminated." In Microsoft's own case, the culls appear to be a way to reduce expenses and mollify investors following its massive capital expenditures on data centers that fuel its AI ambitions."
Economists at Yale's Budget Lab examined U.S. employment since ChatGPT's November 2022 debut and subsequent generative AI releases. Their metrics indicate that the broader labor market has not experienced a discernible disruption over the following 33 months. The findings suggest AI automation has not meaningfully eroded demand for cognitive labor across the economy. High-profile AI leaders have warned of large job reductions, and some companies have cited AI when conducting layoffs, though many layoffs appear tied to outsourcing or cost-cutting after major capital investments. Prior international studies reached similar conclusions about limited immediate job displacement from generative AI.
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