A study by Stefania Albanesi, António Dias da Silva, Juan Francisco Jimeno, Ana Lamo and Alena Wabitsch from the European Central Bank shows that during the deep learning boom of the 2010s, jobs potentially more exposed to AI-enabled technologies actually increased their employment share in Europe. The study also found that AI-enabled automation is associated with employment increases in Europe, particularly for high-skill occupations and younger workers. However, the impact of AI on wages is less clear, suggesting neutral to slightly negative impacts. The study concludes that the full impact of AI on employment and wages is yet to be seen.
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