Prof. Daron Acemoglu speaks with WBUR Here & Now host Scott Tong about the impact of AI on the white-collar job market and the economy. “The advances in AI models have been pretty impressive,” says Acemoglu. “But right now, much of this is still in the lab, so to speak, meaning it has not spread to the productive sector of the economy. We are not seeing massive job losses…but of course we should be planning for how these models will be used and what their impact should be.”
Prof. Daron Acemoglu speaks with Fortune reporter Jake Angelo about his work studying the “origins of economic and political decay,” and the need for the U.S. to crack down “on economic inequality and tempering with job destruction.” “If we go down this path of destroying jobs [and] creating more inequality, U.S. democracy is not going to survive,” says Acemoglu.
A working paper by Prof. Jonathan Gruber and his colleagues has found “that admitting more immigrations would help save the lives of Americans, particularly seniors,” reports Stuart Anderson for Forbes.
Prof. David Autor speaks with Bloomberg reporter David Westin about the shift toward automation in the workforce and the impact on workers. “There are many ways for us to use AI,” says Autor. “It’s incredibly flexible, malleable, plastic technology. You could use it to try to automate people out of existence. You could also use it to collaborate with people to make them more effective. But I also think that it depends on how we invest, how we build out those technologies.”
Prof. Lawrence Schmidt speaks with CNBC reporter Tom Huddleston Jr. about the influence of AI on the labor market. “It devalues existing expertise while simultaneously creating many new opportunities,” says Schmidt. “There's a sense in which AI may not be so distinct from past technologies.”
Prof. Armando Solar-Lezama and Prof. Daniela Rus, director of CSAIL, speak with CNBC reporter Trevor Laurence Jockims about the impact of AI in the workforce. “These transitions are about efficiency, but also about trust and transparency: workers will need to trust that companies aren’t simply using AI as a cover for cost-cutting,” says Rus.
Institute Prof. Daron Acemoglu speaks with Carl Higbie of Newsmax about the long-term profitability of new AI technologies, noting that AI's long-term success will ultimately be decided not by technological promise, but by whether AI tools can deliver sustainable profits. "Integrating AI actually is very difficult," Acemoglu explains. "You need to understand your organization, what your employees really add, and then bring AI to help them. Rote automation is not going to work."
A new study co-authored by Prof. Lawrence Schmidt examining AI and job losses found that “AI can successfully complete many of a worker’s job responsibilities but not all,” reports Pattie Hunt Sinacole for Boston.com. “About 14% of roles within a company can be performed by AI, according to Schmidt’s research. However, AI is less effective in tasks where critical thinking may be required,” Hunt Sinacole explains.
Prof. Emeritus Paul Osterman speaks with The Boston Globe reporter Scotty Nickerson about increased employment opportunities in nursing homes and residential care facilities. “Baby boomers and retirements are going to increase demand, and a lot of folks are going to need longer-term health care,” says Osterman.
Prof. Daron Acemoglu spoke at the City University Graduate Center’s panel discussion about the development of AI in the workforce. Acemoglu says “[AI could take] very different directions, and which direction we choose is going to have great consequences in terms of its labor market impact.”
Writing for the Financial Times, Institute Prof. Daron Acemoglu explores the rise of New York City mayor-elect Zohran Mamdani and the future of U.S. democracy and liberalism. “I argue that nothing short of forging a new working-class liberalism can succeed,” writes Acemoglu. “This has to center on shared prosperity, a reintegration of the lower-education workers into politics, a commitment to local governance by all communities (within the bounds of protecting basic liberties) and true diversity of opinion (even on controversial matters).”
Prof. Jonathan Gruber speaks with CNBC reporter Laya Neelakandan about the labor shortages impacting senior care across the country. “If we can create a better caring system with an entitlement to all care for those who need it, that will free millions of workers to make our economy grow,” Gruber explains.
Prof. Daron Acemoglu speaks with Newsweek reporter Hugh Cameron about the impact of AI on layoffs at major retailers. “I don't think we are at the cusp of mass unemployment,” says Acemoglu. “AI models have many limitations, and while there will be companies such as Amazon that will attempt to organize work to get more out of AI and reduce their headcount, at the macroeconomic level things will go more slowly.”
Time reporter Brian Elliott spotlights Prof. Zeynep Ton’s comments at a recent conference regarding the importance of businesses having an employee-focused strategy when implementing new AI tools. “The status quo mindset in leaders is to see labor as a cost to be minimized,” Ton explains. “Exemplary companies think of employees as drivers of customer satisfaction, profitability and growth.”
Prof. Daron Acemoglu speaks New York Times reporter Karen Weise about workplace automation at Amazon. “Nobody else has the same incentive as Amazon to find the way to automate,” Acemoglu. “Once they work out how to do this profitably, it will spread to others, too.”