GenAI Effects: AI Summary

Some developments:

Key statistics and concepts from the paper “The Labor Market Effects of Generative Artificial Intelligence”:

Key Statistics

• 30.1% of U.S. workers surveyed have used Generative AI at work since such tools became public.

• 33% of Generative AI users report using it every workday.

• 20% of the U.S. workforce has used ChatGPT at work at least once in the past year (Pew Survey, Feb 2024).

• Generative AI usage is higher among younger workers:

• 30% of workers aged 18-29 use it at work.

• Only 10% of those over 50 use it.

Educational Divide:

• Workers with a graduate degree are 4x more likely to use ChatGPT at work than those with a high school diploma or less.

• Nearly 50% of graduate-degree holders use Generative AI, compared to 20% of high school graduates.

Income Correlation:

• Generative AI usage rises with income.

• 50% of workers earning above $200,000 annually use it.

Top industries using Generative AI:

• Information Services,
• Management of Companies,
• Real Estate,
• Construction,
• Education

• Low adoption: Agriculture, Mining, Government & Military.

Gender gap:

• 38% of men report using Generative AI at work, vs. 27.8% of women.

• Job search: Over 50% of unemployed respondents in the past two years used Generative AI to assist in job searches.