Generative AI is not replacing jobs or hurting wages at all, economists claim

A new study by economists suggests that despite widespread concern, generative AI, including tools like ChatGPT, has not significantly impacted wages or job availability. Research conducted among 25,000 workers in Denmark across 11 occupations found that AI has yet created new economic benefits. While AI chatbots are increasingly popular and people are encouraged to use them, the expected productivity and economic outcomes have not materialized significantly. The study highlights that even though firms are investing heavily in AI infrastructure, the expected economic transformation has not been substantial, with only minimal time savings reported by users.

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