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European Central Bank
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Will Europe face mass unemployment without ownership of AGI and robots?
European Central Bank
disagrees
and says:
AI is thus a general-purpose technology that can automate work in virtually every occupation. It stands in contrast to other technologies such as computerisation and industrial robotics, which only allow a limited set of tasks to be automated by implementing manually specified rules. The empirical evidence on the effect of AI-enabled technologies on jobs and wages is still evolving. For example, both Felten et al. (2019) and Acemoglu et al. (2022) conclude that occupations more exposed to AI experience no significant impact on employment. [...] Moreover, Felten et al. (2019) find that occupations impacted by AI actually experience a small rise in wages. (2023) source Unverified
added 3d ago