- 25,000 workers have only seen 2.8% time after using Genai Chatbots
- 8.4% saw new tasks created, adding to their workloads
- Time savings rarely result in higher income
According to a new working document from the Becker Friedman Institute for Economics of the University of Chicago, generative AI chatbots such as Chatgpt, Gemini and Claude have so far had a minimum impact impact on wages or employment, despite the initiation concerns and the apprehension of workers.
The results come from a study of around 25,000 workers in Denmark in 11 professions exposed to AI. The study found no significant change in the gains or the hours worked after the implementation of these AI tools.
Anders Humlum and Emilie Vestergaard, the authors of the newspaper, also noted any notable economic result, such as the total of employment and wage bills at the level of the company.
Genai does not affect workers as much, the study finds
The document explores how companies can guide their workers, noting that encouragement and training efforts can stimulate adoption. The company -led investments almost doubled adoption rates from 47% to 83%, according to research.
However, the average time savings reported by users were only 2.8% – just over an hour on the basis that an employee works for a week of 40 hours. In addition, only 8.4% of workers saw new jobs created, such as teachers monitoring cheating AI, workers modifying AI outputs and made better prompts.
Unlike the promises of time economy, Humlum and Vestergaard noted that these additional responsibilities have in fact increased workloads in certain cases, which means that time savings only resulted in higher income 3 to 7% of the time.
The researchers noted: “Although IA chatbots are now widely used – save time and create new job tasks, especially in workplaces that encourage their use – their overall impact on the labor market remains limited.”
They also noted that “the rigidities of the labor market seem to delay the economic impact”, demonstrating how the approach of a company in terms of artificial intelligence can dictate its success.
