Get Ready for AI-Driven Skill Democratization
==========
This article discusses the potential impact of AI-driven automation on the job market and the democratization of skills. The authors argue that AI could unlock job opportunities for lower-skilled workers, raise the 'labor share' of the economy, and reduce the value of currently rare but narrow, more easily automatable skills. They provide examples of how GPS technology has automated the work of London cab drivers and how AI could revolutionize medical diagnosis. The authors suggest that task automation driven by AI advances can enhance job prospects, increase labor income, and potentially reduce inequality. However, there are concerns about the impact on highly skilled workers, such as physicians, who may face competition from lower-skilled but AI-enabled competitors. The article concludes that predicting the impact of AI on skills and jobs is highly speculative and that neither the best-case nor worst-case scenarios are likely to be realized.
#Ai #Automation #JobMarket #Skills #LaborIncome #Inequality
https://www.aei.org/articles/get-ready-for-ai-driven-skill-democratization/
American Enterprise Institute /
npub14z…4fwd3
2024-01-12 21:32:38
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2024-01-12 21:32:38Event JSON
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"content": "Get Ready for AI-Driven Skill Democratization\n==========\n\nThis article discusses the potential impact of AI-driven automation on the job market and the democratization of skills. The authors argue that AI could unlock job opportunities for lower-skilled workers, raise the 'labor share' of the economy, and reduce the value of currently rare but narrow, more easily automatable skills. They provide examples of how GPS technology has automated the work of London cab drivers and how AI could revolutionize medical diagnosis. The authors suggest that task automation driven by AI advances can enhance job prospects, increase labor income, and potentially reduce inequality. However, there are concerns about the impact on highly skilled workers, such as physicians, who may face competition from lower-skilled but AI-enabled competitors. The article concludes that predicting the impact of AI on skills and jobs is highly speculative and that neither the best-case nor worst-case scenarios are likely to be realized.\n\n#Ai #Automation #JobMarket #Skills #LaborIncome #Inequality \n\nhttps://www.aei.org/articles/get-ready-for-ai-driven-skill-democratization/",
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