AI Won’t Cause Permanent Unemployment—But It Will Disrupt Labor Markets for the Better

Joseph Politano

The last few months have been a whirlwind for commercially available artificial intelligence. Image generation programs like DALL-E 2 and Stable Diffusion have stolen headlines for creating art that is nearly on par with experienced human artists. After the wildly successful launch of ChatGPT, OpenAI’s text-based AI chatbot, major companies like Google and Microsoft are racing to integrate AI into their product suites. AI startups are raising millions of dollars on burgeoning hopes for the industry—hopes that AI will be able to revolutionize law, finance, medicine, business administration, content generation, transportation, and so much more.

Lots of artists, lawyers, doctors, and truck drivers are rationally nervous about what this means for their jobs.

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