How is Generative AI Impacting our Economy?
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We recently came across this article highlighting AI's impact on jobs, wages, and our economy as a whole. Although generative AI has the potential to increase white-collar jobs, it can also have a detrimental impact on low-wage workers. According to CBS news, in a report conducted by McKinsey, low wage workers in food and customer service industries are likely to be cut by AI by 2030. As the world of generative AI era is continuing to expand, what are some positive and negative impacts of AI in our community? Let us know in the comment section below.
Sources:
McKinsey & Company Article on Generative AI
