CFOs don't expect large AI labor impact this year: NBER [Yahoo! Finance]
Hewlett Packard Enterprise Company (HPE)
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Source: Yahoo! Finance
Dive Brief: CFOs did not see artificial intelligence meaningfully impacting employment at their organizations last year, and don't anticipate a large impact on headcount from the technology over the course of the current year — but are expecting a change in the overall skill makeup of their workforces, according to a working paper published this month by the National Bureau of Economic Research. Finance chiefs are expecting the introduction of AI will lead to a decline in the number of “routine clerical roles” over the next three years, forecasting routine clerical employment to slump by 2 percentage points by 2028. Additionally, the share of technical roles, including those engineers, data scientists and analysts, is expected to grow during that period — rising by 0.62% in 2026, and 1.35% by 2028, the survey of 750 CFOs conducted by Federal Reserve Banks of Atlanta and Richmond economists found. Notably, however, the paper also found lowering costs — including labor, as well a
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