AI and job losses: How worried should we be?
Fox News
In March 2023, OpenAI reported that at least 80% of the U.S. labor force could have at least 10% of their work-related tasks affected by the introduction of GPT,
Thomas A. Hemphill is the David M. French Distinguished Professor of Strategy, Innovation and Public Policy in the School of Management, University of Michigan-Flint.
Also in March 2023, researchers at investment banker Goldman Sachs, after collecting data on occupationally-oriented tasks in Europe and the U.S., found that roughly two-thirds of current occupations are exposed to varying degrees of generative AI automation (such as found in ChatGPT), and that AI could substitute for nearly one-fourth of current work performed.
In July 2023, the McKinsey Global Institute issued a report estimating that without generative AI, automation could take over tasks accounting for 21.5% of the hours worked in the U,S. economy by 2030; but with generative AI, that share increased to 29.5%.