Time saved by AI offset by new work created, study suggests
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A recent study in Denmark examining the impact of generative AI tools, like ChatGPT, on the labor market found surprisingly little effect on wages and employment. Analyzing data from 25,000 Danish workers across 11 vulnerable occupations, researchers from University of Chicago and Copenhagen discovered that despite widespread adoption and increased corporate investment in AI, there were no statistically significant changes in earnings or recorded hours. Instead, the study revealed that AI adoption led to new tasks, such as monitoring student use or reviewing AI output, effectively offsetting any potential time savings.