Washington Post columnist Eduardo Porter spotlights various MIT research efforts aimed at ensuring that AI is used to empower human workers rather than replace them. Prof. David Autor notes: “AI, if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market that has been hollowed out by automation and globalization.”
MIT Innovation Fellow Brian Deese speaks with CNBC about how the new class of weight loss drugs will impact American taxes and the federal deficit. “These drugs could touch tens of millions of Americans, that’s the good news,” says Deese. “They have the potential to reduce obesity, address diabetes and reduce the health care costs associated with that. The problem is that the scale and the cost of these drugs is so large, that it could add enormously to the federal budget.”
Writing for The Hill, Prof. Christopher Knittel and graduate student Kailin Graham emphasize the importance of ensuring the transition away from fossil fuels is an equitable process that provides support for vulnerable workers. “If we’re serious about achieving a truly just transition, far more federal policy action is needed,” they write.
Prof. Emeritus Thomas Kochan speaks with Boston Globe reporter Katie Johnson about the impact of return-to-office mandates on employers and employees. “If Friday and Monday are strong preferences [to work remotely], you’re really risking alienating more people,” says Kochan. “You can expect they’re going to lose some of their talent to employers that have more favorable hybrid arrangements.”
Quartz reporter Michelle Cheng spotlights a working paper by Prof. David Autor which shows that “AI could enable more workers to perform higher-stakes, decision-making tasks that are currently relegated to highly-educated workers such as doctors and lawyers.” As Autor explains, “in essence, AI used well can assist with restoring the middle-skill, middle-class heart of the US labor market that has been hollowed out by automation and globalization.”
Axios reporter Courtenay Brown spotlights a new report by researchers from MIT and the Brookings Institute that finds poorer counties in the U.S. with lower employment rates have, “attracted a large share of the hundreds of billions of dollars allocated for clean energy projects, semiconductor mega-factories and more.” Brian Deese, an Innovation Fellow at MIT, explains that: “Distressed communities are attracting new clean energy and semiconductor investment at roughly twice the rate of traditional private investment. If this trend continues, it has the potential to change the economic geography of the country and create economic opportunity in parts of this country that too many people have written off in the past.”
Reuters reporter Timothy Appell spotlights a new study by researchers from MIT and the Brookings Institution that finds, “a surge of factory building fueled by Biden administration investments in ‘strategic sectors’ such as clean energy and semiconductors has so far flowed disproportionately to U.S. counties with relatively distressed economies and notably has not tracked ‘Democratic geography.’”
Writing for Financial Times, economist Ann Harrison spotlights research by Prof. Daron Acemoglu, Pascual Restrepo PhD '16 and Prof. David Autor, that explores the impact of automation on jobs in the United States. Acemoglu and Restrepo have “calculated that each additional robot in the US eliminates 3.3 workers” and that “most of the increase in inequality is due to workers who perform routine tasks being hit by automation,” writes Harrison.
A study by MIT researchers has uncovered an, “intricate relationship between jobs and the nation’s energy transition,” reports Kaleigh Harrison for Environment + Energy Leader. The study, “presents an unprecedented county-level examination of the U.S., identifying regions most intertwined with fossil fuels – ranging from intensive drilling and mining operations to heavy manufacturing sectors,” writes Harrison. “The findings underscore not only the expected impact on traditional energy bastions but also highlight the broader, often overlooked, implications for areas heavily invested in manufacturing.”
Researchers from MIT have found that our current retirement savings system “largely favors higher-income and white employees,” reports Remy Samuels for Plan Sponsor. The researchers concluded that “employer matching and tax benefits are more unequally distributed than wages,” explains Samuels. “While the median Black and Hispanic earners receive 75 cents and 79 cents, respectively, for every dollar of earnings received by the median white earner, median Black and Hispanic earners receive only about 50 cents for every dollar of matching contributions that median white earners receive.”
Fast Company reporter Kristin Toussaint spotlights how MIT researchers have developed a new map detailing how the shift to clean energy could impact jobs around the country. The researchers found that workers could be most impacted in areas that drill for oil and gas, as well as “regions with a high concentration of manufacturing, agriculture, and construction—all industries that rely heavily on coal, oil, and gas.”
New York Times opinion writer Peter Coy spotlights the MIT Shaping the Future of Work Initiative, a new effort aimed at analyzing the forces that are eroding job quality for non-college workers and identifying ways to move the economy onto a more equitable trajectory. Nothing is “inexorable,” said Prof. Daron Acemoglu during the project’s kickoff event. “The answer in most cases is, AI will do whatever we choose it to do.”
In a new study examining the potential impact of AI on jobs that employ computer vision, MIT researchers found, “a vast majority of jobs previously identified as vulnerable to AI are not economically beneficial for employers to automate at this time,” reports Catherine Thorbecke for CNN. “In many cases, humans are the more cost-effective way, and a more economically attractive way, to do work right now,” says Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL. “What we’re seeing is that while there is a lot of potential for AI to replace tasks, it’s not going to happen immediately.”
A new working paper by MIT researchers finds that artificial intelligence is not currently a cost-effective replacement in jobs where computer vision is employed, reports Saritha Rai for Bloomberg. “Our study examines the usage of computer vision across the economy, examining its applicability to each occupation across nearly every industry and sector,” explains Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL. “We show that there will be more automation in retail and healthcare, and less in areas like construction, mining or real estate.”
A new working paper by MIT researchers focuses on whether human work, including vision tasks, are worth replacing with AI computer vision, reports Jeremy Hsu for New Scientist. “There are lots of tasks that you can imagine AI applying to, but actually cost-wise you just wouldn’t want to do it,” says Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL.