ChatGPT has the potential to create a whole new type of worker: the Centaur.

How will ChatGPT affect the U.S. labor market in 2024 and beyond? The explosively popular generative AI chatbot was launched about 14 months ago (in November 2022). Below, I stand on the shoulders of academic research that has empirically assessed ChatGPT’s impact on jobs to answer the key question: Is ChatGPT more labor-displacing or labor-augmenting?

If you polled most economists in October 2022 and asked what GPT stands for, the most common answer would be “General Purpose Technology” (GPT). Examples of such economic GPTs include the steam engine, electricity, and the computer. Economic historians consider these transformative technologies as only coming a few times per century. Ironically, in November 2022, a potential GPT may have been launched sharing the same acronym: ChatGPT.

ChatGPT (Generative Pre-training Transformer) was an immediate sensation when it launched in November 2022. Within two months, it reached 100 million users. Google Trends data shows the meteoric rise in searches using the term, from 0 in October 2022 to exceeding the number of searches for the phrase “AI” in early 2023. A year later, AI searches have nearly quintupled.

Read a post on Recruitonomics from Appcast, a TAtech Member company