Report Finds AI Improves Employment Prospects
Summary
On July 29, 2023, the Centre for Economic Policy Research (CEPR) published a report on the connection between AI and employment in 16 European countries from 2011-2019. The report found that, despite worries about loss of employment due to AI, “exposure to AI is estimated to be associated with an increase of sector-occupation employment” by 3.1-6.7% in high-skill labor occupations. Moreover, “AI-enabled automation appears to be more favourable for those occupations that employ relatively younger workers.” This association with employment increases for high skilled and younger workers is at “odds with evidence from previous technology waves, when computerisation decreased relative share of employment of medium-skilled workers.”
Impacted Sectors
Additional Information
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