Research / BFI Working PaperApr 29, 2024

WFH, AI, and Labor Markets: Three Predictions

This essay offers three predictions for U.S. labor markets: (1) Work from home (WFH) is here to stay. Over the next five years, I anticipate a modest rise in the WFH rate. (2) AI will not drive large-scale job losses over the next ten years. (3) To the extent that AI displaces some jobs (while creating others), it will bring less economic hardship and dislocation than suggested by U.S. experience with the loss of manufacturing jobs.

More Research From These Scholars

BFI Working Paper Jul 28, 2023

Sticky Wages on the Layoff Margin

Steven J. Davis, Pawel Krolikowski
Topics:  Employment & Wages
BFI Working Paper Aug 28, 2019

Rising Policy Uncertainty

Steven J. Davis
Topics:  Monetary Policy, COVID-19
BFI Working Paper Jun 16, 2021

Stock Prices and Economic Activity in the Time of Coronavirus

Steven J. Davis, Dingqian Liu, Xuguang Simon Sheng
Topics:  COVID-19, Financial Markets