1、March 2024Generative AI and the future of New York The generative AI revolution will disrupt Americas biggest labor market,but its impact may not be what you expect.This article is a collaborative effort by Linda Liu,Maurice Obeid,Anthony Shorris,Gurneet Singh Dandona,and Yael Taqqu.At a glance The

2、labor market in the New York region faces several critical challenges.These include too few workers to meet overall demand,stagnating productivity,and yawning inequities across geographic areas and demographic groups.Generative AI(gen AI)provides an opportunity to address aspects of these challenges

3、,while creating some new obstacles.Overall net employment in the New York region is expected to continue to grow,increasing by about 1.8 percent through the end of the decade.While positive,that is lower than the 4.2 percent net employment growth estimated for the nation during the same period.The e

4、volving nature of work means the mix of jobs in the New York region will likely change substantially in the next few years.By 2030,as many as 1.1 million occupational shifts may be required in the New York region,and one-thirdor approximately 380,000 of these shiftsare directly attributable to the i

5、mpact of gen AI.The technology affects a far broader range of occupations than existing automation technologies do and primarily augments work rather than replacing it.When factoring in other structural and technological shifts alongside gen AI,the New York region stands to gain up to 700,000 jobs.T

6、his gain will be fueled by heightened demand for healthcare and engineering professionals,construction workers,and transportation service personnel.However,the growth will be partially offset by 600,000 positions that could be affected in office support,customer service,and food service and producti