Economist Revises View: AI Likely Raised Wages and Reduced Unemployment
robseamans · x · 2026-08-27
Economist Stephen Manning revises his previous claim that AI has had no discernible impact on aggregate job statistics. While data shows no strong link between AI exposure and total headcount, he argues this is misleading. Compared to a counterfactual without AI progress post-GPT-2/3, AI has likely had positive effects on the US labor market, specifically raising wages and potentially reducing unemployment. He notes that much value comes from new products people demand, which still require human creation.
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