[marginalium]
AI isn't changing anything yet (pdf)
1 May 2025
AI isn’t changing anything yet (pdf):
AI chatbots have had no significant impact on earnings or recorded hours in any occupation, with confidence intervals ruling out effects larger than 1%. Modest productivity gains (average time savings of 2.8%), combined with weak wage pass-through, help explain these limited labor market effects. Our findings challenge narratives of imminent labor market transformation due to Generative AI.
But we knew that, because of the time-horizon.
Anthologies: Gratification, Wealth Architecture, Digital Architecture, On (Un)happiness, On Being Fruitful