In 2013, Oxford University economists Carl Benedikt Frey and Michael Osborne predicted that nearly half of all jobs in the US (47%) were under threat from computerization or automation in a decade or two. In other words, they suggested that AI (artificial intelligence) would reduce manpower in many industries.
Fast forward to today, i. e. a decade later, automation is part of almost every industry, while AI-powered services like ChatGPT are threatening to eat up many jobs. Frey has now opined that ChatGPT and the like could lead to lower wages even if workers manage to cling to their jobs. […]
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