1 month ago
The White House released a study Thursday that recovered astir 10% of nan U.S. workforce is successful occupations pinch a precocious grade of vulnerability to artificial intelligence (AI) pinch little capacity requirements that could time off them much susceptible to displacement.
According to nan report, 20% of American workers are successful occupations that person a precocious level of vulnerability to AI. About half of them — aliases 10% of nan U.S. workforce — are not only highly exposed to AI but person comparatively debased capacity requirements that could consequence successful their displacement owed to AI-powered automation.
Those findings were included successful nan Biden administration's yearly Economic Report of nan President prepared by nan Council of Economic Advisers and featured a afloat section connected AI and its economical impact, immoderate of which focused connected AI's effect connected nan labour force.
"The findings … propose that AI whitethorn beryllium a skill-biased technology, expanding comparative request for workers pinch precocious levels of acquisition successful high-earning occupations. They besides propose that AI could exacerbate aggregate income inequality if it substitutes for employment successful lower-wage jobs and complements higher-wage jobs," nan economists wrote.
AI INFILTRATES WORKPLACE: HOW EVERYTHING FROM HIRING PROCESS TO STAFFING DEMANDS CHANGED THIS YEAR
A study from nan White House recovered 20% of American workers person a precocious level of vulnerability to AI, pinch 10% successful roles pinch little capacity standards. (Nicolas Economou/NurPhoto via Getty Images / Getty Images)
"However, specified an mentation of nan grounds presented present should beryllium made cautiously. As nan humanities study fixed earlier successful nan section demonstrates, supply-and-demand forces some play a domiciled successful determining patterns of wages and employment," nan study added. "Nonetheless, nan anticipation of accrued inequality resulting from AI take whitethorn pass argumentation responses."
The report's findings propose "the demographic characteristics of workers negatively affected by AI whitethorn beryllium somewhat different from those of individuals simply exposed to AI," according to nan report.
ARTIFICIAL INTELLIGENCE IS BIG, BUT ARE COMPANIES HIRING FOR AI ROLES TOO FAST?
The study said autobus drivers' roles will apt stay moreover if AI allows nan automation of schoolhouse buses arsenic an illustration of really jobs aren't afloat displaced by AI. (Paul Weaver/SOPA Images/LightRocket via Getty Images / Getty Images)
"For example, galore precocious schoolhouse graduates lacking four-year degrees person jobs that are highly AI exposed and that person comparatively debased capacity requirements. A akin fraction of assemblage graduates are exposed to AI, but their capacity requirements are higher connected average, and truthful they whitethorn beryllium astatine little consequence of displacement," nan study said.
The study recovered mini differences betwixt nan vulnerability of men and women successful nan workforce to AI. Nineteen percent of men had precocious vulnerability to AI pinch 9% besides successful roles pinch debased capacity requirements, while those figures were 20% and 12% for women, respectively.
WHAT IS ARTIFICIAL INTELLIGENCE (AI)?
The study cited autopilot functions connected airliners arsenic an illustration of really automation doesn't negate nan request for humans successful definite roles. (Boeing / Fox News)
"More generally, nan economical and demographic breakdowns … propose imaginable effects, but they simplify a analyzable reality," nan study said. For example, it pointed to nan 10% of workers pinch precocious AI exposure and debased capacity requirements and explained that nan findings don't connote that those workers "will inevitably suffer their jobs" but alternatively that AI whitethorn alteration nan measurement they execute their occupation aliases a related role.
"Most jobs stay a postulation of tasks of which only a information tin beryllium automated. AI whitethorn let humans to attraction connected different tasks, fundamentally changing their jobs without reducing nan usage of their labor," nan economists wrote.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
"For example, if AI yet allows schoolhouse buses to thrust themselves, children whitethorn still request personification connected nan autobus to watch them, guarantee they behave and guarantee they participate and exit safely. In different words, AI-led automation mightiness fundamentally alteration nan schoolhouse autobus driver's job, but it is improbable to destruct nan job. Similarly, airplanes still person pilots, contempt autopilot systems having automated immoderate of their tasks for much than a century."
