- 25,000 workers saw only a time saving of 2.8% after using Genai Chatbots
- 8.4% so new tasks are created, adding their workload
- Time savings rarely translate to higher earnings
According to a new working document from the University of Chicagos Becker Friedman Institute for Economics, generative AI chatbots such as Chatgpt, Gemini and Claude have had minimal to no influence on wages or employment so far despite initial concerns and workers.
The results come from a study of about 25,000 workers in Denmark across 11 AI-exposed professions. The study found no significant changes in earnings or hours worked after the implementation of these AI tools.
Anders Humlum and Emilie Vestergaard, the authors of the paper, also noticed no noticeable financial results, such as total employment and salary bills at the company level.
Genai does not actually affect workers so much, study finds
The paper explores how companies can guide their workers and note that encouragement and training efforts can increase the adoption. Fourth -managed investments almost doubled the resolution rates from 47% to 83%, according to research.
However, the average time savings reported by users were only 2.8%over an hour on the basis of an employee working a 40-hour week. In addition, only 8.4% of workers were created new jobs, such as teachers monitoring AI-Assisted cheating, workers who edited AI-Output and creating better prompt.
Unlike the time-saving promises, Humlum and Vestergaard noted that these additional responsibilities actually increased the workload in some cases, which means that time savings were only translated into higher earnings 3-7% of the time.
The researchers noticed: “While AI -Chatbots are now largely – saving users time and creating new job tasks, especially in workplaces that encourage their use – remains their overall influence on the labor market.”
They also noted that “the stiffnesses of the labor market seem to delay the financial impact,” demonstrating how a company’s approach to artificial intelligence can dictate its success.
