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Artificial intelligence is already changing the way some people work, but it's not yet poised to replace the work that humans do, according to a new report from Indeed. A 68.7% majority of skills were "very unlikely" or "unlikely" to be replaced by AI, while 28.5% of skills may "potentially" be replaceable. Indeed's report examined soft skills like communication, leadership and organization, more technical skills including specific coding languages, and hands-on skills such as cooking and administering medication. Still, workers shouldn't shy away from certain career paths that are more susceptible to being replaced by AI, according to Gudell. "It's really all about using these tools to your maximum advantage when you're searching for a job," Gudell says.
Persons: Svenja Gudell, , Gudell Organizations: CNBC
OpenAI CEO Sam Altman advises students to learn AI to stay relevant in the job market. An Indeed study found that 2,800 work skills are "very unlikely" to be replaced by generative AI. "People would say the same things — many of the same things — they say about AI now," he said. Humans have a lot of skillsAnother point for the don't-worry camp came from a new Indeed study identifying more than 2,800 work skills. AdvertisementKids are still learning to codeIt seems worries about an AI job-pocalypse aren't deterring some people from going big on tech, as Altman advises.
Persons: Sam Altman, Vinod Khosla's, , There's, they've, Altman, Chris Hyams, Vinod Khosla, Svenja, Gudell, it's, Khosla, Indeed's Gudell, there's, Edward Kim, coders Kim, aren't, Kim, It's, " Altman Organizations: Service, GenAI, Sun Microsystems, BI Locations: Silicon Valley, execs, OpenAI, Canada
Economists already utilize machine learning, a branch of AI, to analyze data and develop economic projections. Korinek expects it to “revolutionize research,” according to a paper he wrote that was accepted for publication by the Journal of Economic Literature. Impact on employmentSo what could be the impact of genAI’s advancement on employment in economics? Jobs site Indeed conducted a recent study gauging the level of exposure of certain jobs to genAI based on the skills needed to perform them. Economists use a lot of technology to do their jobs, which are tasks that genAI could also perform, especially as it becomes more and more refined.
Persons: CNN — Anton Korinek, , , ” Korinek, GenAI isn’t, Louis, Bing, Google’s Bard, Anthropic’s Claude, GenAI, Claude 2, Korinek, It’s, Tyler Cowen, Alex Tabarrok, “ ChatGPT, ” Cowen, Tabarrok, GPT, genAI, Louis Fed, Svenja, ” Gudell Organizations: CNN, University of Virginia, Korinek, Journal, Economic, George Mason University, Federal Reserve Bank of St, St, Professional Locations: genAI
Flexibility, such as remote work or flexible hours, can be a key benefit workers want in their job. According to a post from FlexJobs, a remote work job site, flexibility has different benefits. "On Indeed, job postings advertising remote work are above where they were prior to the pandemic, albeit their numbers have slightly decreased since their pandemic heights." People don't just want flexibility in terms of remote or hybrid work models but having flexibility in when they work. The following are the 15 companies that made Indeed's ranking of the most flexible companies.
The number of working Americans aged 80 or over — such President Joe Biden — has risen from 1980. As seen in the above chart, 5.16% of Americans aged 80 and over had a job in 2022 as of October. Although the share of Americans age 80 and over with a job has tumbled some from it's high in 2018 per Insider's analysis, there are still plenty of older workers working past typical retirement age. And that's evidenced by poverty rates among older Americans standing higher than a decade ago as of 2021. However, not all older Americans want to keep working as they get older and will exit the labor force.
A new Indeed and Glassdoor report looks at long-term trends for the labor market. A new Indeed and Glassdoor report looked at long-term labor market trends. One key trend: Labor supply will remain tight, especially as the number of people who are considered working age continues to dwindle. Obviously, that takes a little while to spill over into the labor force, as the country still deals with its own labor squeeze. And, in Germany, the labor market situation is still a problem, but hasn't been as challenging over the last few years.
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