Effect on Jobs

Transcript

1. Generative AI: Effect on Jobs Hannah E. Rose MIT ‘25
2. TABLE OF CONTENTS 01 Background 03 Findings Methodology Going forward 02 04
3. 01 Background
4. Research Question What are predictions for how generative AI will impact jobs?
5. Why is this important? Task automation - Mass emails, performance reviews, onboarding, etc. Idea generation - Outlines, brainstorming, etc. Content creation - Writing, audio, video, etc. Direct interaction - Customer support, chat bots, marketing, etc. Business owners now: 97% use or have plans to integrate generative AI 44% use generative AI for communication in non-English languages 46% use generative AI for internal communication Generative AI is widely used within the workplace Generative AI will affect virtually every worker Haan, K. (2023, July 27). How businesses are using Artificial Intelligence in 2023. Forbes. https://www.forbes.com/advisor/business/software/ai-in-business/
6. 02 Methodology
7. Methodology Largely hypothetical - Very little concrete research - Constantly evolving field Research style - Literature review - Comparing and contrasting existing predictions - This presentation and discussion
8. 03 Findings
9. Large Scale Impacts Increase to the global economy by 2030 - $13 trillion - Raise GDP by 7% AI will change the workplace as a whole - AI in general: replace 300 million full time jobs by 2030 - Generative AI: alter 85 million jobs by 2025 TALMAGE-ROSTRON, M. (2023, August 2). How Will Artificial Intelligence Affect Jobs 2023-2030. Nexford University. https://www.nexford.org/insights/how-will-ai-affect-jobs Generative AI could raise global GDP by 7%. Goldman Sachs. (2023, April 5). https://www.goldmansachs.com/intelligence/pages/generative-ai-could-raise-global-gdp-by-7-percent.html The impact of AI on the job market and the future of work. Intellect Data. (2023, June 25). https://intellectdata.com/the-impact-of-ai-on-the-job-market-and-the-future-of-work/
10. Job Specific Impacts: Criteria - Main goal/task of the job would be largely affected - Majority of the job would be turned over to generative AI - Large scale interaction with AI would be necessary - Incorporation of AI is likely - Main goal/task of the job would not be largely affected - Most personal interaction would be small scale Jobs likely to be largely affected Jobs likely to be minimally affected
11. Job Specific Impacts - Customer service - Reception - “Routine” accounting - Salesmen - Data analysts - Insurance underwriting - Retail - Teachers - Lawyers/judges - “Context dependent” accounting - Human resources - Psychologists/Psychiatrists - Surgeons - Computer system analysts - Researchers Jobs likely to be largely affected Jobs likely to be minimally affected Mok, A. (n.d.). Chatgpt may be coming for our jobs. here are the 10 roles that AI is most likely to replace. Business Insider. https://www.businessinsider.com/chatgpt-jobs-at-risk-replacement-artificial-intelligence-ai-labor-trends-2023-02#media-jobs-advertising-content-creation-technical-writing-journalism-2 Mollick, E. (2022, December 6). The mechanical professor. The Mechanical Professor - by Ethan Mollick. https://www.oneusefulthing.org/p/the-mechanical-professor?utm_source=%2Fsearch%2Fimpact%2520on%2520jobs&utm_medium=reader2
12. Reasoning Comfort and ease for the “consumer” - Customer service, retail, etc. - Surgeons, psychiatrists/psychologists, etc. Context needed for the task - Reception, (basic) insurance underwriting, etc. - Accountants, teachers, researchers, etc. Necessity of a human outlook - Data analysts, salesmen, etc. - HR, computer system analysts, lawyers/judges, etc.
13. 04 Going forward
14. Takeaways Research: - Hard to predict - New tools constantly emerging, How can people respond? - Become familiar with AI - “AI won’t replace you, someone who knows how to use it will” -Aaron Mok Mok, A. (n.d.-b). It’s not AI that is going to take your job, but someone who knows how to use AI might, economist says. Business Insider. https://www.businessinsider.com/ai-wont-take-your-job-someone-who-uses-it-might-2023-5
15. Thank you! Supervisor Melissa Webster Co-Researchers Liora Jones Ashi Kamra Natasha Khoso Michelle Lee Shannon Li Generative AI Experts Emon Shahrier Ethan Mollick Snacks and Support Jess Lipsey Photography Anabelle Lipsey Personal Proofreaders Sandra Rose Natalee Rose Sasha Sherstnev