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1 posts on "artificial intelligence"
September 4, 2024

AI and the Labor Market: Will Firms Hire, Fire, or Retrain?

Jaison R. Abel, Richard Deitz, Natalia Emanuel, and Benjamin Hyman

Decorative Image: Engineers programming automated robot during checking the robot coding.

The rapid rise in Artificial Intelligence (AI) has the potential to dramatically change the labor market, and indeed possibly even the nature of work itself. However, how firms are adjusting their workforces to accommodate this emerging technology is not yet clear. Our August regional business surveys asked manufacturing and service firms special topical questions about their use of AI, and how it is changing their workforces. Most firms that report expected AI use in the next six months plan to retrain their workforces, with far fewer reporting adjustments to planned headcounts.

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Posted at 8:30 am in Labor Market, Regional Analysis | Permalink

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