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Labor market impacts of AI: A new measure and early evidence

Key FindingsWe introduce a new measure of AI displacement risk, observed exposure, that combines theoretical LLM capability and real-world usage data, weighting automated (rather than augmentative) and work-related uses more heavilyAI is far from reaching its theoretical capability: actual coverage remains a fraction of what's feasibleOccupations with higher observed exposure are projected by the BLS to grow less through 2034Workers in the most exposed professions are more likely to be older, fe...

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