The Impact of AI on High Earners, Knowledge-Based Jobs, and the Global Economy.

Generative AI could have the biggest impacts on high earners, particularly those in knowledge work involving decision-making and collaboration, according to a McKinsey report. Recent iterations of generative AI have focused on improving cognitive skills, which could automate work activities that consume between 60% and 70% of employees' time. However, workers may need help retraining to move to different work activities or even another job. The report also suggests that generative AI could act as a "virtual expert" to help workers quickly access internal information.