Gen AI will have varying impact on graduates – Fed study
Automation will lead to job cuts but augmentation of roles could create employment, research claims
Generative artificial intelligence is likely to have a significant impact on graduates as they enter the workforce, though the precise effects remain unclear, a study from the Federal Reserve Board has found.
“If the associated occupations are automated away, the labour demand for graduates may decrease and cause declines in staffing and student engagement in affiliated departments at educational institutions,” says the author, Jean Xiao Timmerman. However, if generative AI is only augmenting
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