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Summary AI is born, the news room has been reviewed.
AI has attracted significant attention from companies worldwide in recent years.
Concerns among workers increase because business adopts AI to cut costs and promote impact
In one study, the effect of AI was found on hours and paid to be negligible in businesses.
Artificial Intelligence (AI) has been discussed for companies globally for the last two years. The popularity of the AI model has worried about human workers about their careers as employers try to use technology to cut costs, increase efficiency and maximize revenue. And yet, one of the first studies to analyze the use of AI with employment data has returned some ‘light’ results.
A working Paper The National Bureau of Economic Research, released by Denmark, found that the use of AI had a negligible effect on hours and salary. On average, the employees saved three percent of their time, while only three to seven percent of their productivity profit came back to him as high salary.
Economists Anders Hamlam and Emily Westergard wrote in paper, “AI chatbots have no significant impact on any business or recorded hours in any business.”
For studies, 25,000 workers were analyzed in 7,000 workspaces. Most employees belonging to businesses (accountants, customer support specialists, financial advisors, HR professional, software developers and teachers) are considered susceptible to disintegration by AI.
After analyzing the data, the researchers stated that they have not found any displacement of human workers, nor did they see “the productivity converted for AI-fielding super workers and raises heavy”.
Researchers said, “While adoption has been fast, the firms have now invested heavily in unlocking technical capacity, economic effects are small.”
“Minor productivity benefits (average time savings of 3 percent), weak wages combined with pass-through helps explain these limited labor market effects. Our findings challenge the narratives of adjacent labor market change due to generative AI.”
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Conclusions can shock companies who are actively trying to reduce their headcount in favor of AI. Last year, the notorious cyber security company Crudestrik, responsible for a large -scale global IT outage, announced the month that it was reducing his workforce five percent and changing it with AI.
Similarly, the language-learning platform Duoolingo announced that it would “gradually shut down to use contractors who can handle AI”. The company justified its switch in the approach, saying that it had made similar calls by making big betting on mobile in 2012.