Artificial intelligence may change labor market but doesn't need to cause long-term harm

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OPINION: Artificial intelligence may change labor market but doesn't need to cause long-term harm

AI WILL NOT REPLACE HUMAN ARTISTS, COULD LEAD TO ‘MOST IMAGINATIVE’WORK EVER PRODUCED: TOPAZ LABS CEO

AI technologies can improve humans’ lives by performing repetitive tasks like routine customer service, data entry, and manufacturing. The future promise of AI systems – like ChatGPT – enables organizations to automate their day-to-day operations, allowing people to focus on tasks that require or benefit from creativity and human ingenuity.

This isn’t to say that AI technologies won’t cause short-term disruption to labor markets. Individuals currently working in jobs that can be readily replaced by lower-cost AI technologies may need to retrain and pursue work in other areas. This isn’t at all unusual during times of technological advancement. could temporarily decrease individuals’ spending, increase social services costs and possibly even cause protests.

 

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