The rapid adoption of artificial intelligence may lead to lower wages, but so far it is creating rather than destroying jobs, especially for young and highly skilled professionals. This is stated in a study by the European Central Bank, writes Reuters.
The ECB’s experts analyzed the labor market situation based on a sample of 16 European countries. They found that the share of employment in sectors affected by AI has increased.
Moreover, jobs among low- and medium-skilled professionals have not suffered, while highly skilled workers have gained employment.
At the same time, experts from the European Central Bank reported a “neutral or slightly negative impact” on wages and warned of a possible increase.
“Artificial intelligence technologies continue to evolve and be deployed. Much of their impact on employment and wages – and thus on growth and equality – remains to be seen,” the document says.
As it is known, companies are investing in the development of AI technologies. However, the public is worried that this may negatively affect jobs. For example, this year in Hollywood, actors and screenwriters have held large-scale strikes, in part because of the use of AI in their work.