Key takeaways AI’s effects on overall employment is likely small, though a tough job market for new graduates may be partly due to AI. AI’s impact on worker productivity is mixed but generally positive. Firm adoption has accelerated but unevenly across the economy. Early evidence is hardly the last word on the future of work in an AI world. Advances in AI models have sparked fears that rapid disruption of labor markets is imminent, if not already underway. A steady drumbeat of media articles has forecast a grim future for white-collar work due to AI. [1] Fears of an “AI jobs apocalypse” are often amplified by AI leaders themselves. For example, Dario Amodei, CEO of Anthropic, has predicted that AI could wipe out half of white-collar jobs and push unemployment to 20 percent. A labor market upheaval of this magnitude would cause enormous suffering for many households and pose a significant challenge for policymakers.…