GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models
Article Status
Published
Authors/contributors
- Eloundou, Tyna (Author)
- Manning, Sam (Author)
- Mishkin, Pamela (Author)
- Rock, Daniel (Author)
Title
GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models
Abstract
We investigate the potential implications of Generative Pre-trained Transformer (GPT) models and related technologies on the U.S. labor market. Using a new rubric, we assess occupations based on their correspondence with GPT capabilities, incorporating both human expertise and classifications from GPT-4. Our findings indicate that approximately 80% of the U.S. workforce could have at least 10% of their work tasks affected by the introduction of GPTs, while around 19% of workers may see at least 50% of their tasks impacted. The influence spans all wage levels, with higher-income jobs potentially facing greater exposure. Notably, the impact is not limited to industries with higher recent productivity growth. We conclude that Generative Pre-trained Transformers exhibit characteristics of general-purpose technologies (GPTs), suggesting that these models could have notable economic, social, and policy implications.
Repository
arXiv
Archive ID
arXiv:2303.10130
Date
2023-03-21
Accessed
25/03/2023, 15:43
Short Title
GPTs are GPTs
Library Catalogue
Extra
arXiv:2303.10130 [cs, econ, q-fin]
Citation
Eloundou, T., Manning, S., Mishkin, P., & Rock, D. (2023). GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models (arXiv:2303.10130). arXiv. http://arxiv.org/abs/2303.10130
Empirical studies
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