week 8 part 2 - AI is going to disrupt the labor market - Bilal Malas

 the following blog is inspired by the following article: https://www.chicagobooth.edu/review/ai-is-going-disrupt-labor-market-it-doesnt-have-destroy-it


The article sheds light on the growing concerns within the entertainment industry, particularly highlighted by Fran Drescher, president of the Screen Actors Guild-American Federation of Television and Radio Artists, regarding the impact of artificial intelligence on creative professions. Drescher's comments during the union's announcement of a strike, which was jointly initiated with the Writers Guild of America, underline the anxiety that AI technologies, like generative AI, could replace human creatives in film, television, and radio. This strike marks a significant moment, reflecting broader unease about AI's role in not only augmenting but potentially substituting human effort in areas traditionally regarded as inherently human, such as acting and scriptwriting.


The article also discusses the broader implications of AI in the labor market, suggesting that while AI poses a threat to certain jobs, it also harbors the potential to create new opportunities and enhance productivity across various sectors. The mention of a study by Microsoft researchers on OpenAI’s GPT-4 model hints at the development towards artificial general intelligence, raising both hopes and fears about AI's capabilities. The striking speed at which AI technologies like ChatGPT have been adopted compared to historical technologies suggests a swift integration into daily practices, emphasizing the urgent need for policies and training programs that can help manage AI's impact on the workforce. This points to a critical juncture where proactive measures are necessary to harness AI's benefits while mitigating its risks to employment.

AI and the Job Market: What Career Advisors Need to Know



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