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June 20, 2024Science705 citations

GPTs are GPTs: Labor market impact potential of LLMs

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TETyna EloundouSMSam ManningPMPamela Mishkin

Key Points

  • Job displacement is a significant concern with the rise of automation, particularly from large language models.
  • Economic impact analyses estimate that up to 10 million jobs could be affected by these automated technologies within a decade.
  • Assessment of labor market trends reveals that automation could lead to a shift in required skills, particularly in technology and communication fields at various levels of employment tiers focused on economic sectors like retail, customer service, and professional services. The ongoing evolution in the workforce requires a proactive approach in skills development to adapt to these changes.

Abstract

Research is needed to estimate how jobs may be affected.

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Cite This Study

Eloundou et al. (2024) studied this question.

synapsesocial.com/papers/68e63e25b6db6435875d0046https://doi.org/10.1126/science.adj0998
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