The more powerful the artificial intelligence (AI) used, the more impressive the benefits on labor productivity will be. This is consistent for those companies adopting AI over a 10 year period, with 20 year and 30 year periods all both demonstrating a far slower increase in productivity. The displacement of labor is far less drastic if companies are willing to employ more powerful AI models.
Effect of artificial intelligence (AI) adoption on annual labor productivity growth in the United States, by AI capabilities and labor displacement
All categories account for a minor or no labor displacement except in noted circumstance (*, **).
*Elevated levels of labor displacement
**Significant amount of labor displacement
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Goldman Sachs. (March 26, 2023). Effect of artificial intelligence (AI) adoption on annual labor productivity growth in the United States, by AI capabilities and labor displacement [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1378626/growth-of-labor-productivity-ai-adoption-2023/
Goldman Sachs. "Effect of artificial intelligence (AI) adoption on annual labor productivity growth in the United States, by AI capabilities and labor displacement." Chart. March 26, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1378626/growth-of-labor-productivity-ai-adoption-2023/
Goldman Sachs. (2023). Effect of artificial intelligence (AI) adoption on annual labor productivity growth in the United States, by AI capabilities and labor displacement. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1378626/growth-of-labor-productivity-ai-adoption-2023/
Goldman Sachs. "Effect of Artificial Intelligence (Ai) Adoption on Annual Labor Productivity Growth in The United States, by Ai Capabilities and Labor Displacement." Statista, Statista Inc., 26 Mar 2023, https://www.statista.com/statistics/1378626/growth-of-labor-productivity-ai-adoption-2023/
Goldman Sachs, Effect of artificial intelligence (AI) adoption on annual labor productivity growth in the United States, by AI capabilities and labor displacement Statista, https://www.statista.com/statistics/1378626/growth-of-labor-productivity-ai-adoption-2023/ (last visited October 30, 2024)
Effect of artificial intelligence (AI) adoption on annual labor productivity growth in the United States, by AI capabilities and labor displacement [Graph], Goldman Sachs, March 26, 2023. [Online]. Available: https://www.statista.com/statistics/1378626/growth-of-labor-productivity-ai-adoption-2023/
