Ramp and Revelio Labs study finds AI-adopting firms grow employment by 10%
By
Ara Kharazian
Summary
A new working paper from Ramp and Revelio Labs uses firm-level spend data (Ramp) linked to workforce records (Revelio Labs) to study AI's impact on employment. Contrary to fears that AI eliminates jobs, the research finds that firms which heavily adopt AI actually grow employment by 10%, including entry-level hiring. The paper addresses a key gap in existing research, which has relied on surveys, AI exposure scores, and speculation rather than actual business spend data.
Source
Twitter / XRamp and Revelio Labs study finds AI-adopting firms grow employment by 10%econlab.substack.comKey quotes
· 5 pulledThe most important economic question of this decade asks how AI will affect jobs.
Until now, no one has had the right dataset, so existing research has relied on a combination of guesses, surveys, AI exposure scores, and self-interested punditry.
A recent paper from Stanford said the ideal dataset would use 'business spend data' and cited Ramp data specifically.
Today, we published our first working paper: A New Look at AI's Impact on Jobs.
It uses firm-level spend data from Ramp joined with workforce data collected by Revelio Labs.
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