Dec 1, 2022 · First, our empirical evidence confirms that the relationship between artificial intelligence and unemployment, conditioned by inflation, is non-linear. We also find a strong threshold effect that can be spotlighted in the artificial intelligence - unemployment nexus.

Jan 27, 2024 · Impressive recent breakthroughs in generative AI, smart robots, and driverless cars are again leading many to worry that advanced technologies will replace human workers and decrease the overall...

1 day ago · AI is just one possible explanation, Deming emphasized. Other contenders include higher wages, a tighter job market, and temporary disruptions related to COVID-19. “But it doesn’t look like many of these jobs are coming back,” Deming added. “The ones that have returned are in food service, personal services like manicurists and ...

Jun 6, 2024 · AI and unemployment is a complex issue. While some fear AI will eliminate vast numbers of jobs, others believe it will create new opportunities. This article explores both sides of the coin, examining how AI is likely to impact the job market in the coming years.

The U.S. Bureau of Labor Statistics (BLS) Employment Projections (EP) program approaches AI in the same way as it does other technologies. 4 Established technologies and other structural changes to the labor market have impacts that register in the historical data. 5 BLS projection methods are designed to measure and reflect structural technological changes, and these …

Aug 15, 2024 · AI is likely to increase productivity and wealth, with new jobs emerging; the focus should be on managing sector-specific disruptions, not fearing labour market dystopia.

Aug 24, 2023 · On the other hand, AI could displace workers, erode job quality, increase unemployment, and exacerbate inequities. Whether and how AI benefits or harms workers is not a foregone conclusion—it...

Dec 1, 2023 · This study analyzes the effect of artificial intelligence on unemployment in the 24 high-tech developed countries in 2005–2021 using dynamic panel data estimation, which considers the dynamic lag effect of unemployment.

Dec 1, 2024 · AI short-term impact on unemployment is positive due to rapid automation outpacing new job creation. In medium term, AI's positive and negative effects balance out as industries restructure and new jobs emerge. AI reduces unemployment in the long run, except during the COVID-19.

As AI reshapes the job landscape, fears of widespread unemployment clash with optimism for productivity gains. This blog examines the nuanced reality and the need for proactive policies to support affected workers.