The wages of American workers are under pressure. AI's potential role is drawing more attention
5 Articles
5 Articles
The wages of American workers are under pressure. AI's potential role is drawing more attention
Wage growth for workers has slowed and is struggling to keep up with inflation, drawing attention to AI's potential role even as evidence remains incomplete.
In the short term, AI is likely to create more jobs than destroy them, but the bosses will use them to devalue work and reduce wages – unless the workers understand the use of AI as a class struggle and fight for public control.
Economists are looking into whether artificial intelligence can already contain wages, even without mass layoffs, and the first studies find pay increases weaker in the most affected I.E. professions.
AI is starting to impact the US labor market, not only through layoffs but also by slowing worker wage increases.
We Need To Use AI To Make Us More Valuable
The “machines taking our job” narrative is far from a new one, and it certainly hasn’t gone away in the age of AI. Indeed, at the start of the year, Anthropic’s Dario Amodei warned that AI could wipe out jobs in a number of industries. A recent paper from MIT economists Daron Acemoglu, David Autor,...
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