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AI hasn’t hit employment that badly yet

Artificial intelligence technologies are often accused of taking away jobs. But how much does the perception hold up in reality? In a new study, Daron Acemoglu of Massachusetts Institute of Technology and his peers have found that AI has indeed changed the skill profile of jobs, but its aggregate impact on employment is too little to detect.

The study analyses the impact of AI on jobs in the US labour market using job vacancy data from 2007 and 2010-18. The data is sourced from Burning Glass Technologies, a company that specializes in job market analytics.

The study finds a significant rise in the number of jobs that require AI skills, particularly after 2014 and mainly in industries that use AI technologies. The job descriptions for these vacancies show that companies that could accommodate AI stopped looking for workers with certain skills that they used to look for earlier. Read from source….