AI's Role in Jobs and Growth: A Closer Look

AI is changing the way businesses work, and people are worried about jobs. Some think AI will take over many tasks, especially those done by new graduates and entry-level workers. A recent report even suggested that AI could replace nearly 100 million jobs in the US over the next ten years. But is this really the case?

Not Everyone Agrees

Some experts believe AI will boost productivity but hurt job growth. However, recent studies show a more complex picture.

AI and Productivity

AI can help workers be more productive, especially those who are not as efficient. For example, in one study, workers using AI assistants saw a 14% productivity boost in the first month, which stabilized at around 25% after three months.

Looking at the bigger picture, AI could increase productivity growth by 0.8 to 1.3 percentage points per year over the next decade. This is based on comparing AI to past technological revolutions and using data from recent studies.

The Impact on Jobs

The impact on jobs is not as clear-cut. In France, firms using AI saw an increase in employment and sales. This suggests that AI helps businesses grow, creating more jobs overall.

Jobs at Risk

However, some jobs may still be at risk. AI could take over certain tasks, but this is more about how AI is used rather than the jobs themselves. The bigger concern is that workers might be displaced by other firms using AI, not by AI directly.

Policies and Training

To make sure AI benefits everyone, policies need to encourage competition and support smaller firms. Access to education and training will also be crucial to help workers adapt.

The Future of AI

The future of AI is still unfolding. How well countries adapt to this change will shape their economies and societies.