Despite economists generally downplaying the impact of generative artificial intelligence on the workforce so far, experts warn that its effect could be significant. Generative AI can not only automate routine tasks but also perform complex work that was previously thought to be exclusively human. This could lead to substantial changes in the labor market and will require workers to adapt and acquire new skills. In the long term, generative AI could boost productivity, but in the short term, it may cause concern about job losses.
