Impact of AI on the economy
Jason Shafrin
Jason Shafrin
Senior Managing Director, Center for Healthcare Economics & Policy at FTI Consulting; Adjunct Professor, University of Southern California
From Bonney et al. (2024) :
Using a new large-scale business survey by the U.S. Census Bureau, we find that AI use is having a much greater impact on worker tasks than on employment levels at the firm level. About 27% of firms using AI report replacing worker tasks, but only about 5% experience employment change due to AI use. These rates are expected to increase to nearly 35% and 12%, respectively, in the near future.
One key issue in all these surveys is defining what AI is. Does AI mean large language models? Machine learning? Any statistical analysis? Just using a computer? Computer scientists have their definition, but respondent may define AI very differently.