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No One Actually Knows How AI Will Affect Jobs
Some businesses are replacing people with AI; others are augmenting their workforce or hiring new workers. The long-term impact on labor is murky.
Someone with a bird's-eye view of the situation is Mary Daly, CEO of the Federal Reserve Bank of San Francisco, part of the national system responsible for setting monetary policy, maintaining a stable financial system, and ensuring maximal employment. One person I talked to, her company invested in generative AI and used it to help write descriptions of items that they have for sale. In a market where people with a computer science degree are harder to come by, companies basically get pushed by their own motive to be profitable and productive.
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