Therecentemergenceofgenerativeartificialintelligence(AI)raiseswhetherwenareonthebrinkofarapidaccelerationintaskautomationthatwilldrivelaborcostsavingsandraiseproductivity.DespitesignificantuncertaintyaroundthepotentialofgenerativeAI,itsabilitytogeneratecontentthatisindistinguishablefromhuman-createdoutputandtobreakdowncommunicationbarriersbetweenhumansandmachinesreflectsamajoradvancementwithpotentiallylargemacroeconomiceffects.IfgenerativeAIdeliversonitspromisedcapabilities,thelabormarketcouldfacensignificantdisruption.UsingdataonoccupationaltasksinboththeUSandEurope,wefindthatroughlytwo-thirdsofcurrentjobsareexposedtosomedegreeofAIautomation,andthatgener...
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