AI Reshaping US Jobs but Not Yet Triggering Mass Unemployment, Says European Central Bank

AI Reshaping US Jobs but Not Yet Triggering Mass Unemployment, Says European Central Bank

Artificial intelligence (AI) has begun shifting American workers away from occupations most vulnerable to automation, but its overall effect on U.S. employment and wages still remains “muted,” according to a European Central Bank study released on Monday. U.S. companies have been investing heavily in AI in recent years amid predictions that humans will be ​replaced at increasing rates. According to the European Central Bank (ECB) Economic Bullet…