MIT Study: AI's Job Threat Overestimated Due to Costliness
TL;DR Summary
A new study from MIT's CSAIL suggests that AI may not automate as many jobs as previously expected, finding that the majority of jobs identified as at risk of displacement are not economically beneficial to automate at present. The study focused on jobs requiring visual analysis and found that only 23% of wages for these tasks would be economically attractive to automate with AI. The researchers emphasize the importance of preparing for AI job automation, but also reveal that the process will take years or even decades to unfold, providing time for policy initiatives to be put into place.
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- AI costs too much to automate vision-related jobs – for now New Scientist
- Humans still cheaper than AI in vast majority of jobs: MIT study The Straits Times
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