Part 2/10:
To grasp how AI affects the labor market, we begin with the microeconomics of AI and its impact on specific roles and responsibilities. Research indicates that AI can significantly increase efficiency in the workplace. Three notable case studies highlight this potential.
The first study involved seasoned freelance coders tasked with implementing an HTTP server in JavaScript. Freelancers using an AI tool completed their project in 71 minutes—56% faster than the control group using conventional methods.
In a second study focusing on professional writing tasks, employees utilizing AI tools like ChatGPT finished their work 40% faster than their peers, with a notable improvement in quality.