AI is not yet killing jobs
White-collar workers are ever more numerous
After astonishing breakthroughs in artificial intelligence, many people worry that they will end up on the economic scrapheap. Global Google searches for “is my job safe?” have doubled in recent months, as people fear that they will be replaced with large language models (llms). Some evidence suggests that widespread disruption is coming. In a recent paper Tyna Eloundou of Openai and colleagues say that “around 80% of the us workforce could have at least 10% of their work tasks affected by the introduction of llms”. Another paper suggests that legal services, accountancy and travel agencies will face unprecedented upheaval.
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This article appeared in the Finance & economics section of the print edition under the headline “Boy cries wolf”
Finance & economics June 17th 2023
- Is the global housing slump over?
- A new super-regulator takes aim at rampant corruption in Chinese finance
- Sooner or later, America’s financial system could seize up
- AI is not yet killing jobs
- America is losing ground in Asian trade
- Wage-price spirals are far scarier in theory than in practice
- South Korea has had enough of being called an emerging market
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