AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023.
REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsFRANKFURT, Nov 28 (Reuters) - The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs, especially for the young and highly-skilled, research published by the European Central Bank showed on Tuesday.
Firms have invested heavily in artificial intelligence, or AI, leaving economists striving to understand the impact on the labour market and driving fears among the wider public for the future of their jobs.
Most of their impact on employment and wages – and therefore on growth and equality – has yet to be seen."
The findings were in contrast to previous "technology waves," it said, when computerisation decreased "the relative share of employment of medium-skilled workers, resulting in "polarisation".
Dado Ruvic, –, Balazs Koranyi, Barbara Lewis
REUTERS, Rights, European Central Bank, ECB, Thomson