AI chatbot ChatGBT narrowing productivity gap for lower skilled workers

TLDR AI chatbot ChatGBT shows promise in reducing the productivity gap between lower skilled workers and those with more skills, potentially leading to greater equality in the workforce. This advancement in AI technology could help make elite expertise more accessible, benefit the middle class, and increase overall productivity.

Timestamped Summary

00:00 AI chatbot ChatGBT has shown potential to narrow the productivity gap between lower skilled workers and workers with more skills, offering hope for greater equality in the workforce.
03:15 AI has historically shifted the workforce from artisanal skills to more complex, middle-skilled jobs, creating a golden era of mass expertise that allowed for gainful employment without a college degree.
06:37 The industrial revolution and the computer era have shifted the job market, creating opportunities for middle-skill workers in the past, but now leading to increased inequality and a higher demand for elite expertise.
09:36 AI systems like ChatGPD have been shown to make less experienced, lower skilled workers more productive, potentially reversing the trend of technology benefitting only the top skilled workers.
12:34 AI has the potential to benefit the middle class by increasing the value of middle-skilled workers and making elite expertise more accessible, potentially helping to rebuild the middle class.
16:06 AI could lead to a future where fewer people need to go to college, expensive expert work is less in demand, and legal work is increasingly done by machines, potentially increasing overall productivity and wealth.
19:05 The world needs more automation to address the challenges of an aging population, but there are concerns about the devaluation of expertise in a future where human labor may become less scarce due to AI advancements.
22:01 AI has the potential for misuse in various ways beyond the labor market, including misinformation, control of critical systems, surveillance, coercion, and the development of dangerous autonomous weapons.
Categories: Business News

AI chatbot ChatGBT narrowing productivity gap for lower skilled workers

How AI could help rebuild the middle class
by Planet Money

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