Labor Market Impact Potential of AI ( ChatGPT )
This study offers an examination of the potential impact of LLMs, specifically GPTs, on various occupations and industries within the economy.
This document investigates the impact of Generative Pre-trained Transformer (GPT) models and other generative AI technologies on the labor market. Using a new rubric, the authors assess the extent to which GPT capabilities could impact various occupations, based on both human expertise and classifications from GPT-4. The study concludes that around 80% of the US workforce could have at least 10% of their work tasks impacted by GPTs, while approximately 19% of workers could have at least 50% of their tasks impacted. The study also finds that the impact spans across all wage levels and is not limited to industries with higher recent productivity growth. The authors argue that the findings suggest that GPTs exhibit characteristics of general-purpose technologies and could have notable economic, social, and policy implications. The paper proposes a new rubric for understanding LLM capabilities and their potential effects on jobs to complement labor impact forecasts of technology. The authors used human annotators and GPT-4 itself as a classifier to apply this rubric to occupational data in the US economy, primarily sourced from the O*NET database. The study concludes that most occupations exhibit some degree of exposure.
Read this study: https://arxiv.org/pdf/2303.10130.pdf
Occupations with highest exposure
Source: https://arxiv.org/pdf/2303.10130.pdf
Occupations without any exposed tasks
Articles from Javier Cámara-Rica 🐝🇪🇸
View blog
There are a few alternatives to Google AdSense that publishers can consider. Some of these alternati ...
Ref: freepik.com Freepik · Extensive Professional Network: With over 15 million profiles, beBee offe ...
beBee offers several advantages over programmatic job advertising, and it is known for delivering hi ...
Related professionals
Jan 🐝 Barbosa
Brand Ambassador at beBee Inc / Onalytica 2016 AR + 2020 IIOT Top 100 / AI + CyberSec + Social Media. NOT Selling / NOT Buying.
Technology / Internet
Luis David de la Fuente
Programador web especializado en PHP
Technology / Internet
Rafael García Romano
COO & Co-founder at beBee
Technology / Internet
You may be interested in these jobs
-
Senior Software Engineer
Found in: Appcast Linkedin GBL C2 - 2 days ago
eVisit Arizona City, United StatesCompany Background: · eVisit, headquartered in Mesa, AZ, is a telemedicine software company seeking to revolutionize healthcare delivery by creating physician-first tools that fundamentally simplify healthcare. Our HIPAA compliant telemedicine software was built for providers, b ...
-
Physician - Cardiology Non-Invasive
Found in: Talent US C2 - 1 day ago
Franciscan Health Michigan City, United States Full timeFranciscan Health Michigan City Campus 3500 Franciscan Way Michigan City, Indiana 46360 WHO WE ARE LOOKING FOR: · Franciscan Physician Network is seeking a Board Eligible/Board Certified Cardiologist who specializes in cardio non-invasive with a passion for cardiac CT, MRI and ...
-
Senior Python Developer
Found in: Lensa US 4 C2 - 3 days ago
Syntricate Technologies Boston, United StatesSenior Python Developer · Location: Boston MA (Onsite) · Fulltime only · Minimum 8 years of extensive experience in design, build and deployment of Python based applications. · Strong experience with Oracle, PL/SQL, Stored Procedures · Experience in Unix scripting. · Experience ...
Comments
Jerry Fletcher
1 year ago #7
And so it goes. Each step in the evolution of technology is analyzed for the level of impact on humanity. Each concern, given time is either a disruptor or a minor blip. So far, AI does not have the ability to actually be creative, taking information from multiple sources and melding something new. Will it get closer to that? Possibly, but I'm not going to hold my breath.
Javier Cámara-Rica 🐝🇪🇸
1 year ago #6
Like it or not, AI is an unstoppable technology that has come to revolutionize the world. One of the sectors that will have to adapt is education/training. It's a matter of adapting to the new way of teaching or facing extinction. Like all technologies, such as mobile phones, social media, etc., they have their pros and cons, but going against them only leaves you behind.
Ken Boddie
1 year ago #5
Topical subject, Javier. While researching ChatGPT, launched in November 2022, I came across this article from the Australian Broadcasting Corporation (ABC) which is well worth reading:
https://www.abc.net.au/news/2023-01-24/what-is-chatgpt-how-can-it-be-detected-by-school-university/101884388
ChatGPT can reportedly “generate text responses on any subject when prompted”. While the ABC article suggests that there are many advantages for many systems and organisations in using such AI software, it is reported that teachers and educators are concerned about the “ethical and academic implications of using AI to complete assignments”. It's interesting that an online tool, called AICheatCheck, has already been launched, reportedly capable of detecting AI-generated material.
Interesting info in some benefits and limitations of ChatGPT is also provided on Wikipedia here:
https://en.wikipedia.org/wiki/ChatGPT
It appears that our language skills and materials are about to get an AI boost, whether we like it or not, so it may well be worth while jumping onboard and finding out more about the pros and cons of programs like ChatGPT and how they may be put to optimum use in society?
Javier Cámara-Rica 🐝🇪🇸
1 year ago #4
If you are in a job that may be affected by AI, there are several steps you can take to prepare for potential changes:
Upskill: Look for opportunities to learn new skills that are in demand in your industry. Consider taking courses, attending conferences, or networking with colleagues who have expertise in emerging technologies.
Adapt: Be open to new ways of working and adapting to new technologies. Learn to work alongside AI tools and embrace new software and applications that can enhance your work.
Diversify: Explore opportunities to diversify your skillset and broaden your professional experience. This may involve seeking out new roles or industries that are less likely to be affected by AI.
Embrace Lifelong Learning: Develop a mindset of continuous learning and personal growth. This will enable you to stay ahead of technological changes and remain competitive in your industry.
Network: Build a strong network of contacts within your industry and beyond. This can help you stay up-to-date on trends and changes, and may lead to new job opportunities or collaborations.
Seek guidance: If you're concerned about potential job loss or displacement, seek guidance from career counsellors or industry associations. They may be able to provide valuable advice and support for transitioning to new roles or industries.
Remember that while AI may bring significant changes to the job market, it also presents opportunities for innovation, growth, and new career paths. By being proactive and taking steps to prepare for potential changes, you can position yourself for success in a rapidly changing workplace.
Rafael García Romano
1 year ago #3
Hey everyone! I loved this study on the potential impact of generative AI technology on the labor market. It's fascinating to see that nearly 80% of the US workforce could have at least 10% of their work tasks affected by GPTs. It's also reassuring to see that some jobs might not be affected at all by this technology.
I'd love to see a more detailed breakdown of how GPTs could impact specific job tasks within each occupation. Additionally, I think it's important to consider how workers in affected occupations can reskill or adapt to new job requirements to mitigate the impact of technology on their jobs.
Does anyone have any ideas or suggestions on how people in affected jobs can prepare for the potential changes coming their way? I'd love to hear your thoughts!
Javier Cámara-Rica 🐝🇪🇸
1 year ago #2
Thank you @Jerry Fletcher for sharing your perspective as a marketing professional. I agree with your point that AI can generate copy quickly, but it lacks the emotional persuasiveness that comes from human creativity. While AI can be helpful in generating ideas and breaking through writer's block, it ultimately requires a human touch to craft a truly effective message that resonates with the target audience. As technology continues to evolve, it's important to remember that human creativity and emotion are still key ingredients in successful marketing strategies.
Jerry Fletcher
1 year ago #1
As a marketing professional I have been observing the impact of AI on all aspects of the business. the initial reaction in the creative community of the USA was the writer's fear of being replaced and out of a job. Yes, AI can generate reams of copy in no time but it is about as creative as an empty petri dish. The spark that is missing is the human ability to combine elements of multiple disciplines and shift that content to emotional persuasiveness. A pile of facts and a lot of words helps crack through writer's block. The right words quickly convince, persuade, cajole and get results.