The Impact of GPT-4 on Jobs

A recent analysis by OpenAI and the University of Pennsylvania estimates that large language models like GPT-4 could heavily affect 19% of jobs, which are mainly higher-income jobs such as writers, web and digital designers, financial quantitative analysts, and blockchain engineers. Unlike earlier waves of automation, generative AI such as GPT-4 can perform tasks that were typically viewed as creative, such as writing and producing graphics. The worry is not large-scale unemployment but rather that relatively well-paying white-collar jobs will be replaced with this new form of automation. However, generative AI could also help people gain skills to compete with those who have more education and expertise. A study involving hundreds of college-educated professionals indicates that AI can “upskill” people who are having trouble finding work and revitalize the workforce.
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