AI is 'raising average wages by 21 percent,' new Stanford paper finds

TL;DR


Summary:
- This article discusses how the use of artificial intelligence (AI) in the workplace can lead to higher average wages and reduced wage inequality.
- Researchers found that the introduction of AI technology can increase average wages by 21% and substantially reduce wage inequality between high-skilled and low-skilled workers.
- The article explains that AI can automate routine tasks, allowing workers to focus on more complex and higher-value work, which leads to increased productivity and higher wages.

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