Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across finance, health care and professional services.
The study was conducted using a labor simulation tool called the Iceberg Index, which was created by MIT and Oak Ridge National Laboratory. The index simulates how 151 million U.S. workers interact across the country and how they are affected by AI and corresponding policy
I’m sure there is plenty of chaff to cut in finance and healthcare etcetera, in my heart I want to believe in a coming Burger Decimation, but US labor statistics are absolutely cooked. Having read practically nothing about the model they’re using, I would appreciate if anyone can tell how accurate it is.