Fox News reported on the 17th (local time), citing a report by Goldman Sachs, that two-thirds of U.S. jobs are expected to be exposed to automation due to generative artificial intelligence (AI) innovation.
According to the report, Goldman Sachs economists Joseph Briggs and Debessie Cordani analyzed a database that contained information related to the types of work humans do in more than 900 jobs.
The report pointed out that 25% to 50% of jobs exposed to AI-led automation are expected to be replaced by AI, but increasing automation does not necessarily lead to job cuts.
“The impact of AI on the labor market is likely to be significant, but most jobs and industries are partially exposed to automation, so it is likely to be supplemented rather than replaced by AI,” the two economists stressed in the report.
However, the report added that depending on the degree of application and development of AI technology, the impact of these technologies on the economy, such as productivity improvement, labor replacement, and re-employment of replaced labor.
The report basically predicted that AI technology would lead to a net increase of 1.5 percentage points in productivity over the next 10 years.
If much stronger AI technology is applied, productivity will increase by 2.9 percentage points.
The report said that innovation cycles, historically the center of technological progress such as automation, tend to offset the confusion caused by these advances by creating new jobs, adding that the rise of information technology has created jobs such as web page designers, software developers, and digital marketers.
Citing a paper by economics professor David Otto at the University of Massachusetts Institute of Technology (MIT) that says 60% of workers today are in jobs that did not exist in 1940, the report adds that 85% of job growth over the past 80 years has been driven by innovation that has driven new job creation.
