Dallas Fed Finds Experience Boosts Wages

J. Scott Davis of the Federal Reserve Bank of Dallas analyzed employment and wage trends in industries most exposed to AI since ChatGPT's late-2022 debut, finding overall U.S. employment rose about 2.5% while employment in AI-exposed sectors fell roughly 1%. Average weekly pay nationwide climbed 7.5%, with wages in AI-exposed industries up 8.5%; experienced workers earned larger pay premiums and employment fell for workers under 25.