And if ChatGPT is successful in creating more competition, that might lead to a continuation in a downward-trending trajectory, he said. He pointed to various trends that have already been driving wages down, from the computer revolution that impacted middle-income jobs to the steadily falling income of prime-age men. to create innovation that then creates new occupations and new industries,” Frey told Fortune. “I think there’s a risk that ChatGPT makes us a lot more productive in easy-to-do stuff, but the hard part to figure out is how we can use A.I. He does think, however, that ChatGPT could create a lot more competition, which would lower wages. But Frey doesn’t think that we’re at nearly half of human workers being replaced just yet. A decade later, automation is here and fast becoming a part of almost every industry. employment was under threat from “computerisation” or automation. In 2013, two Oxford University economists, Carl Benedikt Frey and Michael Osborne, wrote a paper in which they predicted that 47% of U.S. Just 10 years ago, a lot of artificial-intelligence-related developments felt like science fiction, and predictions for how they would shape industries were often ominous for workers. While the underlying technology isn’t new, artificial intelligence like this has never been so accessible to the public, and the OpenAI-owned bot has blown minds with its ability to complete a wide range of tasks, from passing business school exams to drafting State of the Union speeches. ChatGPT has been the talk of the town since it was launched in November.
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