AI's Impact on the 'Workforce' | CPSAI | Version 1

The report summarizes existing economic research on the projected impacts of artificial intelligence (AI) on employment over the next 5-20 years. It explores the scale and severity of AI's effect on employment in different sectors and discusses the potential strain that AI-related unemployment will put on government services. The report analyzes the short-term and long-term effects of AI on different types of workers, focusing on how AI will likely affect white-collar and blue-collar jobs. It also proposes policy solutions to help workers transition to an AI-driven economy, including extending unemployment insurance, increasing retraining programs, and subsidizing wages in sectors where AI is reducing labor demand.