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No One Actually Knows How AI Will Affect Jobs

Wired

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Generative AI tools have the potential to transform the labor market, causing both increased productivity and job satisfaction, as well as concerns about mass unemployment and social upheaval. Mary Daly, CEO of the Federal Reserve Bank of San Francisco, believes that generative AI can be used to augment workers rather than replacing them entirely. While technology has historically not reduced net employment, the outcome depends on how we engage with and deploy AI. Daly emphasizes the need to educate and encourage companies to use AI to amplify workers' abilities and create new opportunities. The dystopian narrative surrounding AI replacing human jobs can be unhelpful and it's crucial to deploy AI smartly to achieve positive outcomes in the future.

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