AI’S LABOR MARKET IMPACTS ARE SLOWER THAN EXPECTED

Summary from the TLDR AI newsletter

The working paper "Beyond AI Exposure: Which Tasks are Cost-Effective to Automate with Computer Vision?" by researchers from MIT and IBM examines the economic viability of automating vision-based tasks. It found only 23% are cost-effective for automation. The paper predicts a gradual labor market impact over years, contrasting with more disruptive forecasts.