"AI's Impact on Employment: Survey Reveals Managers' Intentions and Worker Concerns"

A survey of over 3,000 managers by Beautiful.ai, a company that makes AI-powered presentation software, revealed that 41% of managers aim to replace workers with cheaper AI tools in 2024, with 48% believing their businesses would benefit financially from this. Additionally, 45% see AI as an opportunity to lower employee salaries, and 12% are using AI to downsize and save money on worker salaries. The survey also found that 62% of managers said their employees fear that AI tools will cost them their jobs, while 66% fear that AI tools will make them less valuable at work. Furthermore, half of the managers surveyed are worried that AI tools will result in lower pay for management positions, and 64% believe AI's output and productivity are equal to or better than experienced human managers. Despite these findings, the report notes that the number of managers looking to replace employees with AI has "significantly" reduced since 2023.