What labor data actually says about AI's impact on jobs
By
David Rotman
Baker's choice. Dense with flavour, light on filler.
Summary
The article challenges the widespread hysteria about AI wiping out jobs, arguing that current labor statistics do not support doomsday scenarios. It suggests that while AI may eventually disrupt the labor market, the pace and inevitability of such disruption are overstated. The author urges readers to look at actual data rather than speculative predictions, noting that the numbers paint a more nuanced picture than the prevailing narrative suggests.
Key quotes
· 4 pulledWhile the current labor statistics don't preclude a sudden job upheaval in the coming years, they do throw doubt on the inevitability of the doomsday scenarios and the pace at which they'd unfold.
Everyone in the AI community, it seems, is predicting that the technology will soon wipe out jobs, and everyone, it also seems, knows some young wannabe workers who can't find one.
Perhaps we haven't seen any major disruption in the labor market statistics yet, people often say, but just wait.
But maybe we should pay attention to what the data is showing us. And right now, the numbers paint a...
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