Early data show wages are rising for AI-exposed jobs that place a high value on a “worker's tacit knowledge and experience”, as textbook knowledge loses value
Artificial intelligence's impact on the labor market will depend on whether the technology automates or augments worker tasks.
The job impacts of AI are going to be complicated, both over time & within categories. I wish we had more granular data on juniors versus seniors, system integrators versus primary developers, etc. (i know many scholars are working on this) Also macro factors swamp AI, for now
The latest on Dallas Fed Economics shows AI exposure is leading to rising wages in occupations that place a high value on a worker's tacit knowledge and experience: https://www.dallasfed.org/...
AI isn't widely wiping out jobs, but it is making it tougher for some entry-level workers. Early data show hiring is slowing in AI-heavy fields, especially for young grads. Wages are rising for experienced workers, replace routine tasks and boost seasoned pros. www.dallasfed.or…