GPTs Are GPTs: An Early Look at the Labor Market Impact Potential of LLMs

[Submitted on 17 Mar 2023]

Title:GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models

Download a PDF of the paper titled GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models, by Tyna Eloundou and 3 other authors

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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 as these models could have notable economic, social, and policy implications.

Submission history

From: Daniel Rock [view email]

[v1] Fri, 17 Mar 2023 17:15:20 UTC (5,829 KB)

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