Aristotle speculated that tools could end human labor if they could be made to work on their own. Centuries later, Keynes warned about the potential job losses from technological advancements. Neither of them, however, could have predicted the potentially massive impact of Artificial Intelligence (AI). Natural language processing and generative models like Open AI’s ChatGPT … [Read more...] about Taking the Pulse of Employment in the New World of AI
Miguel Benitez
Miguel Benítez is a Research Fellow at the Research Department (RES) of the Inter-American Development Bank (IDB). His research interests lie in the fields of development and labor economics, with a particular focus on automation, informality, migration, and productivity. Miguel holds an M.Sc. and a B.Sc. in Economics from Universidad Javeriana in Colombia.
How the COVID Pandemic Affected Automation and Labor Markets in Peru
As COVID-19 struck the developing world, governments imposed mobility restrictions to reduce contagion, causing severe disruptions in labor markets. In Latin America and the Caribbean, where 57% of all workers hold informal jobs that often require them to be physically present, nearly half of the labor force was compelled to stop work in the first phases of the … [Read more...] about How the COVID Pandemic Affected Automation and Labor Markets in Peru