According to the Nobel Prize-winning labor economist, the ChatGPT revolution opens the door to the four-day week by providing a major productivity boost for jobs.
Christopher Pissarides — a professor at the London School of Economics who specializes in the impact of automation on work — said the labor market could adapt well enough to artificial intelligence-backed chatbots. His comments undercut concerns that rapid advances in technology could lead to massive job losses.
“I’m very optimistic that we can increase productivity,” he said in an interview at a conference in Glasgow. days weeks easily.”
chatbots, such as OpenAI’s ChatGPT And Google’s Bard, has been hailed as a potentially transformative technology that could spark a productivity boom but also unleash millions of white-collar jobs.
Pissarides has previously examined the impact of automation on jobs through the Pissarides Review on the future of work and wellbeing. He won the Nobel Prize in Economics for his work on labor market frictions.
Pissarides said the technology could still take a malevolent turn, such as being used for surveillance or invading privacy. But he said it could make a “big difference” to productivity if used well.
“They can take a lot of the boring stuff that we do at work … and then leave only the interesting stuff for humans,” he said. The slow adoption by companies will make the transition less painful for workers, despite the “rapid advance” of the technology. ,” He added.
Some are concerned about the impact of technology on society. tech leaders, including Elon MuskLast month signed an open letter calling for the training of powerful AI systems to stop.
Pissarides said, “There is no limit to how much work humanity can generate if they really want to work.” ,
His comments follow a report by Goldman Sachs which estimated that 300 million jobs are exposed to generative AI like ChatGPT globally. The bank’s economists also argued that it could be transformative for productivity and GDP growth.
Advanced economies have suffered a decline in productivity gains since the financial crisis, with GDP growth slowing significantly.
“The combination of significant labor cost savings, new job creation and higher productivity for non-displaced workers raises the prospect of a productivity boom that would substantially boost economic growth,” Goldman economists said in a report last month. Is.” Ultimately increase annual global GDP by 7%.”
The text of this story is published from a wire agency feed without any modification. Only the headline has been changed.
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