The Impact of AI on Work Tasks and US Productivity

AI has the potential to transform about 20% of tasks in the production process into value-added roles. However, the realization of this potential may take time. Specifically, a closer analysis of computer vision technologies suggests that 20-25% of tasks can become cost-effective for automation within the next decade. This indicates that, in the short run, approximately 4.5-4.6% of the 20-25% of tasks could be automated in the next ten years, highlighting a gradual rather than immediate change in productivity.