#labor-economics tag

The AI Industry Can't Profit Unless It Replaces Human Jobs, Warns Man Who Helped Create It

Current-form AI deployment will likely cause massive job displacement as companies replace paid human labor to cut costs and drive profits, risking economic dystopia.

fromTheregister

2 weeks ago

AI eats leisure time, makes employees work more, study finds

"When...ChatGPT came along, we were all very mesmerized by how powerful it is, how much work it does," said Wei Jiang, professor of finance at Emory University, in a phone interview with The Register. "So we, like other people, anticipated if AI is doing our work, we can work less. And I just find myself actually working longer. So I checked with a few friends, and every one of them says, 'Hey, we're actually working longer.'"

Artificial intelligence

fromHarvard Gazette

1 month ago

The fear: Wholesale cheating with AI. The reality: It's complicated. - Harvard Gazette

ChatGPT is used mainly as a practical assistant for advice and feedback, not to fully automate work, with rapid uptake narrowing demographic usage gaps.

Higher education

fromHarvard Gazette

1 month ago

Lawrence Katz named Citation Laureate - Harvard Gazette

Lawrence Katz was named a 2025 Citation Laureate for influential, highly cited research on wages, inequality, and technological change.

fromThe New Yorker

2 months ago

Big Business and Wall Street Need to Stand Up for Honest Data

B.L.S. employees conduct monthly surveys of sixty thousand households and a hundred and twenty-one thousand employers to compile critical economic statistics.

US politics

fromFortune

3 months ago

How much is AI really replacing jobs? Goldman Sachs looks under the hood and has 3 takeaways to defuse the hype

"AI's impact on the labor market remains limited and there is no sign of a significant impact on most labor market outcomes."

Artificial intelligence

Coffee

fromNew York Post

5 months ago

Starbucks has never been more expensive - see how many minutes you have to work to afford a coffee now

Starbucks coffee may significantly impact wages of Americans, especially in certain states.

#labor-economics#labor-economics