Have I ever mentioned that I, for one, welcome our new LLM overlords? No? Well, now I have and with that sentiment of self-serving surrender comes news from the researchers at MIT. They have a new way to measure how AI is going to impact the labour market, you see, and this "Iceberg Index" now idicates that fully 11.7% of the US workforce could already be replaced by AI.
That equates to $1.2 trillion in annual wages, according to MIT, and 17.7 million jobs. So, what is this Iceberg Index and how does it work? According to MIT, it's "a skills-centered KPI for the AI economy. It measures the percentage of wage value of skills that AI systems can perform within each occupation, revealing where human and AI capabilities overlap."
