#The Tech Report » Artificial Intelligence (AI) and Jobs: Assessing the Impact on Wages and Employment Comments Feed IFRAME: https://www.googletagmanager.com/ns.html?id=GTM-NKVXN63 [svg%3E] [logo-techreport.7ba8bd.svg] * News + Main menu News + Tech News + Crypto News * Software + Main menu Software + Spy Apps o Main menu Spy Apps o Best Spy Apps # Main menu Best Spy Apps # Best Spy Apps for Android # Best Spy Apps for iPhone o Social Media Spy Apps # Main menu Social Media Spy Apps # Best Facebook Spy Apps # Best Tinder Spy Apps # Best Instagram Spy Apps # Best WhatsApp Spy Apps # Best Snapchat Spy Apps # Best Telegram Spy Apps # Best TikTok Spy Apps o Spy App Reviews # Main menu Spy App Reviews # mSpy Review # uMobix Review # EyeZy Review # XNSPY Review # Spyic Review # Spyera Review o Catch Cheater # Main menu Catch Cheater # Best Cheating Spouse Tracker Apps # Top Boyfriend Spy Apps # Signs Your Girlfriend is Cheating o Phone Spy # Main menu Phone Spy # Best Phone Spy Apps # Best Girlfiend Spy Apps # Best Boyfriend Spy Apps # Best Text Message Spy Apps o Parent Control # Main menu Parent Control # Best Parental Control Apps # Best Parental Control Apps in the UK # Best Parental Control Apps in Australia # Best Parental Control Apps in Germany # Facebook Parental Controls # Best Parental Control Apps for iPhone and iPad # Best Parental Control Apps for Android Devices o Track Location # Main menu Track Location # Best Geofencing Apps # Best Secret GPS Trackers # Best Boyfriend Phone Trackers o Keyloggers / Recording # Main menu Keyloggers / Recording # Best Keylogger Apps # The Best Android Keylogger Apps # The Best iPhone Keylogger Apps # Best Secret Screen Recorder Apps o Spy Tips and Tricks # Main menu Spy Tips and Tricks # How to Spy on Devices Connected to Your Wi-Fi + VPNs o Main menu VPNs o What is a VPN? o How to Hide IP Address o Best VPN Service o Best VPN for Business o Best VPN Apps # Main menu Best VPN Apps # Best VPN for Android # Best VPN for iPhone # Best Linux VPN # Best VPN for Firestick o Fastest VPN Providers o Best Cheap VPNs o Free VPN # Main menu Free VPN # Best Free VPN Services # Best Free VPNs According to Reddit # Free VPNs for Android # Free VPNs for iPhone # Free VPNs for Netflix # Free VPNs for Torrenting # Free VPNs Chrome Extensions # Free VPNs for Firestick # VPNs with Free Trials o Best Netflix VPN o Best Gaming VPN o Best Gambling VPNs o Best VPN Reddit o The Best VPN for Streaming o Best Twitter VPN o Best Betfair VPNs o Best Porn VPN o VPN Reviews # Main menu VPN Reviews # NordVPN Review # ExpressVPN Review # Surfshark VPN Review # CyberGhost VPN Review # Ivacy VPN Review # PureVPN Review # VyprVPN Review # ExpressVPN Vs NordVPN o Best VPN by Country # Main menu Best VPN by Country # Best VPNs for UK # Best VPNs for Canada # Best VPNs for Australia # Best VPNs for Singapore # Best VPNs for UAE # Best VPNs in China # Best VPNs for Australia o Guides # Main menu Guides # How Do I Hide My IP Address? # How to Watch DStv online # How To Watch NRL 2023 Online + VoIP Services o Main menu VoIP Services o What is VoIP? The Definitive Guide to VoIP o Wiki # Main menu Wiki # VoIP vs Landline – Everything You Need to Know # What is a VoIP Number & How Does it Work? # What is a Virtual Phone System & How Does It Work? # How to Get a VoIP Number # How to Choose a VoIP Provider # What is ISDN? # Call Center Technology 101 # VoIP Security Guide # VoIP Hacking: How to Protect Your VoIP Phone # VoIP Statistics and Trends o Best VoIP Services o Best VoIP Service for Home o Cheapest VoIP Phone Service Providers o Free VoIP Phone Number Solutions o Best VoIP Mobile Apps o VoIP for Business # Main menu VoIP for Business # Best Virtual Phone Service Providers for Business # Best VoIP for Small Business # Best VoIP Business Phone Systems # Best Hosted VoIP Providers o By Country # Main menu By Country # Best US Virtual Phone Number Provider # Best Unlimited VoIP UK # Best Virtual Phone Number UK Providers # Best VoIP Providers in Canada # Best VoIP Australia # The Best VoIP Apps for Iran + Password Managers o Main menu Password Managers o Best Password Managers o Best Password Managers for Business o Best Password Manager in the UK o Best Password Managers in India o The Best Password Manager for iPhone o The Best Password Manager Reddit Users Recommend o The Best Password Manager for Windows o Keeper Password Manager Review + Business Software o Main menu Business Software o Accounting Software # Main menu Accounting Software # Best Accounting Software # Best Self-Employment Accounting Software # Best Cloud-Based Accounting Software # Best Mac Accounting Software # The Best Payroll Software for the UK # Best Accounting Software Australia o Project Management # Main menu Project Management # The Best Workflow Management Software # Best Project Management Software # Monday.com Review # The Best Gantt Chart Software Solutions # The Best Free Project Management Software o Employee Monitoring # Main menu Employee Monitoring # Best Employee Tracking Software # Best Employee Monitoring Software For Mac # Best Employee Time Tracking Software # Best Employee Time Tracking Software for Windows o Hosting # Main menu Hosting # The Best WordPress Hosting Services # The Fastest WordPress Hosting You Can Get # Best Cheap WordPress Hosting Services # The Best Website Hosting Services o CRM # Main menu CRM # What is CRM? # Best CRM Software # CRM for Small Businesses in the UK # CRM Marketing Automation Software # Real Estate CRM Software # CRM for Startups # Recruitment CRM Software # Best Free CRM Software # Best CRM for Non Profits # Construction CRM Software # Automotive CRM Software # Best CRM Insurance Software # Best CRMs for E-Commerce Reviewed # Best Free CRMs for Startups o Background Check Services # Main menu Background Check Services # Best Background Check Software # Best Tenant Background Check Sites o Hiring Software # Main menu Hiring Software # Best EOR Services for International Hiring # Best Applicant Tracking Systems # The Best Applicant Tracking Systems for Small Businesses # The Best Recruitment Software + Antivirus o Main menu Antivirus o Best Antivirus Software o Best Antivirus for Windows o Best Antivirus for Mac o Best Antivirus for Android o Best Antivirus for Servers o How to Remove Spyware o Best Spyware Detectors o Best by Country # Main menu Best by Country # Best Antivirus in Singapore # Best Antivirus in Indonesia # Best Antivirus in Philippines # Best Antivirus in UK # Best Antivirus in Canada # Best Antivirus in Australia + Artificial Intelligence o Main menu Artificial Intelligence o A Full Jasper.ai Review o An In-Depth Copy AI Review o Best AI Writing Tools o Best AI Copywriting Tools * Gadgets + Main menu Gadgets + Gadget Digest + Reviews + Hardware o Main menu Hardware o CPUs o Graphics o Motherboards o Storage * Gambling + Main menu Gambling + Crypto Gambling o Main menu Crypto Gambling o Best Crypto Casino Sites o Best Bitcoin Gambling Sites o Best Ethereum Casino Sites + Sports Betting o Main menu Sports Betting o Best Sportsbooks o Best Offshore Sportsbooks o Best Sportsbooks by Reddit + Casino o Main menu Casino o Best Offshore Casinos o Best Anonymous Casinos o Best Casino Apps for Real Money o Best Online Blackjack Casinos + By Country o Main menu By Country o USA # Main menu USA # Best Sportsbooks # Best Offshore Sportsbooks # Best Offshore Casinos # Best Anonymous Online Casinos # Best Casino Apps For Real Money # Best Online Blackjack Casinos # Best Live Blackjack Online Casinos # Reddit Sportsbooks # California Sports Betting # Florida Sports Betting # Florida Online Gambling # Missouri Online Casinos # California Online Casinos # New York Online Casinos o UK # Main menu UK # Non Gamstop Casino Sites # Gambling Sites Not on Gamstop o Canada # Main menu Canada # Crypto Casinos o Malaysia # Main menu Malaysia # Online Casino Malaysia # Malaysia Online Gambling Sites # Malaysia Sports Betting Sites o Indonesia # Main menu Indonesia # Indonesia Online Gambling Sites # Online Casino Indonesia # Indonesia Sports Betting Sites o Singapore # Main menu Singapore # Singapore Online Gamblling Sites # Singapore Online Casinos # Singapore Sports Betting o Philippines # Main menu Philippines # Online Gambling Sites Philippines # Philippines Online Casino # Philippines Sports Betting o South Korea # Main menu South Korea # South Korea Online Gambling Sites # Online Casino South Korea o India # Main menu India # India Online Gambling Sites # Online Casino India # India Sports Betting Sites * Crypto + Main menu Crypto + Best Crypto to Buy Now o Main menu Best Crypto to Buy Now o Best Crypto Presales o Best Meme Coins o Best Crypto to Buy Now o Next Crypto to Explode o Best Crypto to Hold Long Term + Best Altcoins o Main menu Best Altcoins o Best Altcoins to Buy o Buy Spongebob Token o Buy AiDoge o Buy Launchpad XYZ o Buy yPredict o Buy NoMeme o Buy Wall Street Memes Token + New Cryptos o Main menu New Cryptos o New Cryptocurrencies to Invest o Best Crypto ICOs o New Upcoming Binance Listings o New Upcoming Coinbase Listings + Price Predictions o Main menu Price Predictions o Ethereum Price Prediction o Arb Doge Price Prediction o Pepe Memecoin Price Prediction o Ecoterra Price Prediction o DeeLance Price Prediction o Wall Street Memes Price Prediction + Crypto Robots o Main menu Crypto Robots o Best Bitcoin Robots o Bitcode Method Review o Bitcoin 360 AI Review o Qumas AI Review o BitiCodes Review o Immediate Connect Review o Immediate Edge Review o Immediate Fortune Review + How to Buy Crypto o Main menu How to Buy Crypto o Buy Bitcoin with eToro o Buy Dogecoin with eToro * Statistics + Main menu Statistics + Social Media o Main menu Social Media o Social Media Addiction Statistics o Tinder Statistics o TikTok Statistics o Snapchat Statistics o OnlyFans Statistics o Twitter Statistics o Facebook Messenger Statistics + Apps o Main menu Apps o Spotify Statistics o Slack Statistics o Dating Apps Statistics o Messaging App Statistics o Mobile Health Technology Statistics o Discord Statistics o Uber Statistics o Uber Eats Statistics o Zoom Statistics + Software o Main menu Software o CRM Statistics + AI Statistics o Main menu AI Statistics o Artificial Intelligence Adoption Statistics + Business o Main menu Business o Workplace Violence Statistics o Business Intelligence Statistics o BYOD Statistics and Facts o Insider Threat Statistics o Digital Marketing Statistics o SMS Marketing Statistics + Ecommerce o Main menu Ecommerce o Online Shopping Statistics o Shopify Statistics o Amazon Statistics + Entertainment o Main menu Entertainment o Netflix Statistics o Cable TV Subscribers Statistics o TV Viewership Statistics o Video Statistics + Internet Security o Main menu Internet Security o Cybersecurity and Cybercrime Statistics o Ransomware Statistics o Cyberbullying Statistics o Antivirus Statistics o Identity Theft Statistics + Blockchain o Main menu Blockchain o Blockchain Statistics o Cryptocurrency Statistics + Metaverse Statistics + Virtual Reality Statistics + Online Gaming Statistics + Tesla Statistics + IoT Statistics (BUTTON) English English English Countries Close English English English Portuguese Portuguese Português (PT/BR) 한국어 Korean 한국어 Korean 한국어 (BUTTON) Search Icon Search Icon ____________________ (BUTTON) Search Home Artificial Intelligence (AI) and Jobs: Assessing the Impact on Wages and Employment News Artificial Intelligence (AI) and Jobs: Assessing the Impact on Wages and Employment [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher Crypto Journalist Author expertise Author expertise Updated: November 28, 2023 | 3:41 PM Disclosure Disclosure Disclosure In our content, we occasionally include affiliate links. Should you click on these links, we may earn a commission, though this incurs no additional cost to you. Your use of this website signifies your acceptance of our terms and conditions as well as our privacy policy. title title Share Facebook Twitter Linkedin Telegram E-mail The European Central Bank (ECB) recently released research on the complex relationship between AI adoption and its potential impact on wages and employment. Contrary to fears about job displacement, the study suggests that, at least for now, AI is more likely to affect wages than jobs. The research highlights the swift integration of artificial intelligence into various industries, which has led to significant investments by businesses. AI’s Rapid Rise: A Double-Edged Sword This trend has sparked discussion among economists about the consequences for the labor market and has fueled concerns among the general public about the future of their jobs. Contrary to popular fears, the ECB study, which analyzed a sample of 16 European countries, reveals that the adoption of AI has, so far, led to a net creation of jobs. Sectors exposed to AI have witnessed an increase in employment share, with a notable impact on the younger demographic and highly skilled workers. The findings challenge the notion that AI is an outright job destroyer, at least in the short term. The study shows that low and medium-skill jobs have remained largely unaffected by the adoption of AI. In contrast, highly skilled positions have experienced a considerable boost in demand. While AI’s impact on job creation is noteworthy, the research also sheds light on wage dynamics. The study indicates “neutral to slightly negative impacts” on earnings due to AI adoption. This suggests that while jobs may be growing, the wages associated with these positions might face challenges or stagnation. The paper cautions that these findings don’t serve as a complete exoneration of AI’s influence on the labor market. The research notes that AI-enabled technologies are continuously evolving and being integrated into various sectors. The full extent of their impact on employment, wages, and, consequently, on overall economic growth and equality is yet to be fully realized. The cautious tone of the paper suggests that ongoing developments in AI may have far-reaching consequences that are not fully captured in the current findings. Future Outlook: Uncharted Territory with Ongoing Developments In light of historical and technological shifts, the research draws attention to the distinctive nature of AI’s impact compared to previous waves of technology. This is unlike earlier instances of computerization that decreased the relative share of employment for medium-skilled workers. The current scenario indicates a more nuanced and varied impact across skill levels. The paper concludes by emphasizing that the journey into the era of AI is still unfolding. With AI technologies continuously advancing and being adopted at an unprecedented pace, the full spectrum of their effects on employment and wages has yet to materialize. The research serves as a timely reminder that the future trajectory of AI’s impact on the workforce remains an evolving narrative, with implications for economic growth and societal equality yet to fully manifest. The ECB research offers valuable insights into the complex interplay between AI, wages, and employment. While job creation seems to be a positive outcome of AI adoption, we need ongoing attention and adaptable policies to handle AI’s evolving impact. Question & Answers (0) Have a question? Our panel of experts will answer your queries. Post my Question Leave a Comment Write a Review Your email address will not be published. Required fields are marked * Your Question* _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ Name* ______________________________ Email Address* ______________________________ ______________________________ Post my Question Δ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ Share this page title title Share Facebook Twitter Linkedin Telegram E-mail Tags artificial intelligenceEurope Question & Answers (0) Have a question? Our panel of experts will answer your queries. Post my Question Leave a Comment Write a Review Your email address will not be published. Required fields are marked * Your Question* _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ Name* ______________________________ Email Address* ______________________________ ______________________________ Post my Question Δ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher Crypto Journalist Damien Fisher Crypto Journalist Damien Fisher is a seasoned crypto news writer with a relentless curiosity for blockchain technology and cryptocurrencies. With a career spanning over a decade, Damien has solidified his position as a trusted authority in the industry. Besides contributing insightful articles to TechReport, he also lends his expertise to reputable sites like Invezz and CryptoCoin.News. Through his work, Damien continues to provide valuable information to readers, keeping them informed about the latest developments and trends in the ever-evolving world of cryptocurrencies. His passion for the subject and dedication to accuracy make him a standout figure in the crypto news space. View all posts by Damien Fisher News UK Vulnerable to Catastrophic Cyberattacks, Warns Parliament Committee Report [svg%3E] [avatar_user_154_1669717118-250x250.jpg] Krishi Chowdhary December 14, 2023 Apple Rolls Out Stolen Device Protection in New iPhone Security Update [svg%3E] [avatar_user_154_1669717118-250x250.jpg] Krishi Chowdhary December 14, 2023 Google, Meta, Qualcomm Join Forces to Promote Open Digital Ecosystem [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 13, 2023 Google Faces Legal Setback in Epic Games Case [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 13, 2023 US All-in on AI, but Flying Blind Without a Comprehensive Plan, Says GAO [svg%3E] [avatar_user_154_1669717118-250x250.jpg] Krishi Chowdhary December 13, 2023 Authors Accuse Meta of Using Copyrighted Books for AI Training Despite Knowing the Legal Implications [svg%3E] [avatar_user_154_1669717118-250x250.jpg] Krishi Chowdhary December 13, 2023 FAssets Set To Introduce New Purposes For XRP [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 12, 2023 Epic Games Triumphs in Landmark Antitrust Case Against Google [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 12, 2023 Most Popular News 1 UK Vulnerable to Catastrophic Cyberattacks, Warns Parliament Committee Report 2 Apple Rolls Out Stolen Device Protection in New iPhone Security Update 3 Shiba Inu Lead Developer, Shytoshi Kusama Takes An All-Compassing Position In A Survey 4 XRP’s Potential Decouple From Bitcoin – Market Veteran Raoul Pal Offers Insights 5 Google, Meta, Qualcomm Join Forces to Promote Open Digital Ecosystem Latest News UK Vulnerable to Catastrophic Cyberattacks, Warns Report UK Vulnerable to Catastrophic Cyberattacks, Warns Report News UK Vulnerable to Catastrophic Cyberattacks, Warns Parliament Committee Report [svg%3E] [avatar_user_154_1669717118-250x250.jpg] Krishi Chowdhary December 14, 2023 Apple Rolls out Stolen Device Protection in New iPhone Update Apple Rolls out Stolen Device Protection in New iPhone Update News Apple Rolls Out Stolen Device Protection in New iPhone Security Update [svg%3E] [avatar_user_154_1669717118-250x250.jpg] Krishi Chowdhary December 14, 2023 Adding an extra layer of protection to sensitive data stored on iPhones, Apple has released the beta version of its new Stolen Device Protection feature. The security update is aimed... Shiba Inu Lead Developer, Shytoshi Kusama Takes An All-Compassing Position In A Survey Shiba Inu Lead Developer, Shytoshi Kusama Takes An All-Compassing Position In A Survey Crypto News Shiba Inu Lead Developer, Shytoshi Kusama Takes An All-Compassing Position In A Survey [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 13, 2023 One of the leading crypto exchanges, KuCoin, threw a survey that sparked several reactions in the crypto community. One of the responses from prominent personalities in the industry came from... XRP’s Potential Decouple From Bitcoin – Market Veteran Raoul Pal Offers Insights XRP’s Potential Decouple From Bitcoin – Market Veteran Raoul Pal Offers Insights Crypto News XRP’s Potential Decouple From Bitcoin – Market Veteran Raoul Pal Offers Insights [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 13, 2023 Google, Meta, Qualcomm Join Forces to Promote Open Digital Ecosystem Google, Meta, Qualcomm Join Forces to Promote Open Digital Ecosystem News Google, Meta, Qualcomm Join Forces to Promote Open Digital Ecosystem [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 13, 2023 Google Faces Legal Setback in Epic Games Case Google Faces Legal Setback in Epic Games Case News Google Faces Legal Setback in Epic Games Case [svg%3E] [avatar_user_199_1688632029-250x250.jpg] Damien Fisher December 13, 2023 Dogecoin (DOGE) Price Struggles Below $0.1, Will the Market Remain Positive Till the End of December? Dogecoin (DOGE) Price Struggles Below $0.1, Will the Market Remain Positive Till the End of December? Crypto News Dogecoin (DOGE) Price Struggles Below $0.1, Will the Market Remain Positive Till the End of December? [svg%3E] [avatar_user_201_1688961938-250x250.jpeg] Nick Dunn December 13, 2023 [svg%3E] [logo-footer-techreport.0ab8b1.svg] * Cybersecurity + Top VPN Services + Top Antivirus Softwares + Top Spyware Detectors + Top Password Managers * Comms & Collab + Top VoIP Services + Top Project Management Softwares + Top Employee Tracking Softwares + Top CRM Softwares * Web & Cloud Services + Top WordPress Hosting Services + Top Accounting Softwares * Cryptocurrency + Best Crypto to Buy Now + New Cryptocurrencies to Invest + Best Meme Coins to Buy Now + Best Low Cap Crypto Gems * Popular Guides + How to Hide IP Adress + What is VoIP? The Definitive Guide + How to Get a VoIP Number + How to Buy Bitcoin REGULATION & HIGH RISK INVESTMENT WARNING: Trading Forex, CFDs and Cryptocurrencies is highly speculative, carries a level of risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. Please note that we do receive advertising fees for directing users to open an account with the brokers/advertisers and/or for driving traffic to the advertiser website. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. © Copyright 2023 Techreport. All Rights Reserved. * Contact * Privacy Policy * About Us Scroll Up