Business leaders have offered dire warnings in recent months about the turmoil artificial intelligence (AI) could unleash on the job market, predicting widespread worker displacement and mass unemployment.

Experts say the picture is still unclear, with the full impact of the technology yet to be realized.

Here’s what to know about how AI could change the labor market:

What are business leaders saying?

The predictions of leading executives on the impact of AI have varied wildly since the technology first took the world by storm in late 2022, with the public release of OpenAI’s ChatGPT.

Anthropic CEO Dario Amodei warned in an interview with Axios in May that AI could wipe out half of entry-level white-collar jobs, resulting in unemployment rates of 10 to 20 percent within five years.

In a note to employees in June, Amazon CEO Andy Jassy said he anticipates that AI will reduce the e-commerce giant’s corporate workforce and “change the way our work is done.”

“We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” he said.

“It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.”

The International Monetary Fund (IMF) has also warned of a “painful transition” as AI pushes “large swaths” of people out of work for extended periods.

However, others are a bit more skeptical about........

© The Hill