Economist says fears of AI-driven job losses are overblown, citing lack of systematic evidence
By
Joey Pizzolato
Summary
Tania Babina, an associate professor of finance at the University of Maryland, argues that fears of AI eliminating jobs and reshaping the labor market are overblown. Speaking at the New York Fed Innovation Conference, she cited a review of global research finding no systematic evidence that AI is causing widespread job displacement. While some fintech CEOs have pointed to AI as a driver of layoffs, Babina contends the data does not support the narrative of mass AI-driven unemployment.
Source
bskyEconomist says fears of AI-driven job losses are overblown, citing lack of systematic evidenceamericanbanker.comKey quotes
· 2 pulledOne of the things that bothers me a lot is fearmongering about AI taking jobs.
I just finished a review paper looking at all the research in the world...
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