Everyday AI Podcast – An AI and ChatGPT Podcast

EP 267: The Impact of Generative AI on the U.S. Labor Market

May 8, 2024
Guest
Gad Levanon
Gad Levanon, Chief Economist at The Burning Glass Institute, discusses the dynamic effects of generative AI on the U.S. labor market. He explores whether AI will lead to economic boom or doom. Key topics include the growing demand for specific AI skills and how employers must adapt their hiring practices. Gad emphasizes the urgent need for reskilling workers and how generative AI will reshape education and career paths. He also highlights the unique challenges posed by this technology compared to past advancements.
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INSIGHT

Generative AI's Unique Impact

  • Generative AI's impact on the labor market will be different from previous technological shifts.
  • It will affect higher-skilled jobs more significantly than previous automation waves.
INSIGHT

Impact on White-Collar Jobs

  • Generative AI is expected to impact white-collar jobs significantly.
  • The full extent of this impact is still unknown, as generative AI is constantly evolving.
INSIGHT

Generative AI and Hiring Decline

  • Research from the Burning Glass Institute reveals a decline in hiring for jobs exposed to generative AI.
  • This suggests companies are finding ways to use AI for automation, potentially leading to job displacement.
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