A study of 12K+ EU companies finds AI adoption increases labor productivity by 4% on average in the EU, with no evidence of reduced employment in the short run
Artificial intelligence promises to reshape economies worldwide, but firm-level evidence on its effects in Europe remains scarce.Forums:Hacker NewsandSlashdotForums:Hacker News:How AI is affecting productivity and jobs in EuropeMsmash /Slashdot:Study of 12,000 EU Firms Finds AI's Productivity Gains Are Real
How AI is affecting productivity and jobs in Europe Inaki Aldasoro @i_aldasoro @BIS_org, Leonardo Gambacorta @leo_gambacorta @BIS_org, Rozália Pál @EIB, Debora Revoltella @DeboraRevoltel1 @EIB, Christoph Weiss @EIB, Marcin Wolski @EIB https://cepr.org/... [image]
Always nice when new research comes out reinforcing something you just wrote ( https://arachnemag.substack.com/ ...)! “2️⃣ No Short-Run Job Losses. Contrary to fears of widespread displacement, the study finds no evidence of reduced employment in the short run once firm selection…
AI adoption is lifting productivity across Europe, but not in the way many feared. A survey of 12,000+ firms shows companies using AI see around 4% higher labor productivity on average, with no short-term job losses. The catch: the biggest gains go to medium and large firms
Is AI the productivity breakthrough Europe has been waiting for? 🇪🇺🤖 New evidence from more than 12,000 European firms suggests that AI is delivering measurable gains, but not (yet) an economic miracle. Here's what the data shows: 1️⃣ A Real (but Modest) Productivity Effect [imag…