us labor market

The US labor market refers to the system in the United States that matches people who are seeking employment (workers) with organizations and employers that need labor (jobs). It involves the supply of labor (workers’ skills, availability, and willingness to work) and the demand for labor (employers’ need for employees), determining factors such as wages, employment levels, and working conditions across the economy.
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  1. MIT study: AI could replace 11.7% of US jobs and $1.2T in wages

    MIT study: AI could replace 11.7% of US jobs and $1.2T in wages

    MIT puts a number on AI’s impact: 11.7% of US jobs at risk A new study from the Massachusetts Institute of Technology (MIT), built on a large-scale labour market simulation called the Iceberg Index, claims that existing AI systems are already capable of performing work equal to 11.7% of all jobs...
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