ChatGPT's Surprisingly Small Impact on the Danish Labor Market

A new study examining the Danish labor market in 2023-2024 reveals that generative AI models like ChatGPT have had a negligible impact on wages and employment, despite widespread adoption. Researchers from the University of Chicago and the University of Copenhagen analyzed data from 25,000 workers and 7,000 workplaces across 11 occupations often considered vulnerable to automation. While company investment spurred AI tool adoption, leading to time savings for a significant portion of users, the overall economic impact was minimal. Interestingly, the study found that AI chatbots created new tasks for 8.4% of workers, offsetting potential time savings. This suggests that while AI may automate some tasks, it also generates new ones, mitigating its initial disruptive potential.