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AI Technology

US Workers See AI-Induced Productivity Growth, Fed Survey Shows (straitstimes.com) 20

Workers reported saving a substantial number of work hours by using generative AI, according to research conducted by the Federal Reserve Bank of St. Louis, along with Vanderbilt and Harvard universities. From a report: The researchers, drawing from what they identified as the first nationally representative survey of generative AI adoption, measured the impact of generative AI on work productivity by how much workers used the technology and how intensely. They found users are saving meaningful amounts of time.

"On average, workers are 33% more productive in each hour that they use generative AI," the paper found. Among respondents that used generative AI in the previous week, 21% said it saved them four hours or more in that week, 20% reported three hours, 26% said two hours and 33% reported an hour or less.

US Workers See AI-Induced Productivity Growth, Fed Survey Shows

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  • Trump is trying to bully Zelenskyy. What a sad day to be American. Your president is trying to avert WWIII by being a schoolyard bully.
    • by Anonymous Coward

      He is a school yard bully by nature and does everything from that perspective. No idea why anyone would give that guy power over anything.

  • by Clopy ( 857418 )
    So, we can now work less hours per day with the same pay or see a 20-33% pay rise, right? RIGHT?
    • You make a great point, but I'm after different improvements - I'll use 25% as my standard: I'd like to get my lunch stolen from the fridge 25% less often. I'd like the office temperature to be "perfect" 25% more often. I wish my office chair was AT LEAST 25% better. And if my boss would be 25% less of a dick, that would truly be awesome. And I really wish my office desk was 25% more level, so my pencils would stop rolling off. Or at a minimum, pencils that are 25% less round.

    • I mean, overall yes, when they fire 20-33% of us. Probably closer to 50% since they can make the survivors work that much harder.
    • Nope. AI-induced productivity gains shortly become AI-induced layoffs.

      The Almighty Dollar demands it.

  • Another /. AI story.
  • "The research showed time savings are highly correlated with certain occupations. Information service workers had both the largest share of work hours spent using generative AI (14 per cent) and the highest time savings (2.6 per cent)."

    Obviously only the jobs that involve using computers will have access to AI that comes from computers. A lot of those jobs will involve interacting with applications where they do manual data entry, pull reports and documents, etc. I'm not sure how AI would help there unless

  • Programmers benefit by speeding up coding. Idiots benefit by writing terrible emails. The rest of us? Nothing.

    • Coders *may* benefit by speeding up coding, but also may end up spending more time fixing the AI's shitty code that has obvious deficiencies that don't understand the whole problem. Example: a previous engineer may have a singleton construct in a service and re-uses it in a loop with data to do work. The AI moves the singleton into the loop because *reasons*, and now your kubernetes pods are crashing with out-of-memory errors because it's spawning hundreds of instances of a thing you only needed the singl

  • Then we will get some actual numbers, not short-term hope fueled hallucinations.

  • Productivity has been sky-rocketing since the 80s, wages haven't even kept up with inflation

  • In mine I'd have to lie as the executive leadership is so AI-frenzied that I could get in trouble for not being on board with it. They can't wait for me to train it to do my job

  • Workers aren't saving any time at all. The company is. The workers are just producing more in the time they spend working.

One person's error is another person's data.

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