Since the explosive launch of ChatGPT, there has been a prevailing fear among workers that they will be unable to compete against artificial intelligence, leading to mass unemployment.
In fact, the European Central Bank’s research predicted that AI will actually create jobs and that any reports suggesting otherwise “may be greatly exaggerated”
After assessing nine years of data gathered across 16 European countries, the ECB found that low and medium-skill jobs were largely unaffected by booming technology, meanwhile, opportunities for younger and high-skilled workers actually increased rather than vanished.
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