Ventures

Will Generative AI widen or narrow productivity gaps in the labor market?

April 25, 2023 Will Little Episode 146
Will Generative AI widen or narrow productivity gaps in the labor market?
Ventures
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Ventures
Will Generative AI widen or narrow productivity gaps in the labor market?
Apr 25, 2023 Episode 146
Will Little

In this episode of Ventures, I (https://www.linkedin.com/in/wclittle) discuss cases for and against the skill/productivity gap widening in light of Generative AI such as ChatGPT and Midjourney. On the “for” side, I discuss a YouTube video showing how to go from MidJourney to Figma to Code, and I show how this - and tools like GitHub CoPilot - enhances the work of already-skilled programmers. On the “against” side, I show a recent study from the National Bureau of Economic Research (NBER) that demonstrated GenAI most greatly enhancing the productivity of novice and low-skilled workers. 

Visit https://satchel.works/@wclittle/ventures-episode-146 for more information. 

You can watch this episode via video here.  

0:03 - Tee-up for the episode, where to find the audio and/or video for this screencast, talking about the skill gap and GenAI

0:39 - Case for the skill gap being widened: Examples from a YouTube video (https://www.youtube.com/watch?v=_A_Jpr9HkGA&ab_channel=CJGammon) and GitHub Copilot (https://github.com/features/copilot

3:14 - Case for the skill gap narrowing: https://www.nber.org/system/files/working_papers/w31161/w31161.pdf // Study showing that the skill gap is narrowing. 14% increase in productivity for all workers, and even more for novice and low-skilled workers. 

4:36 - Link to McKinsey’s article: https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-generative-ai 

4:48 - Access GPT-4 for free with Bing. Example using Bing Chat to ask about Satchel.Works 

Show Notes

In this episode of Ventures, I (https://www.linkedin.com/in/wclittle) discuss cases for and against the skill/productivity gap widening in light of Generative AI such as ChatGPT and Midjourney. On the “for” side, I discuss a YouTube video showing how to go from MidJourney to Figma to Code, and I show how this - and tools like GitHub CoPilot - enhances the work of already-skilled programmers. On the “against” side, I show a recent study from the National Bureau of Economic Research (NBER) that demonstrated GenAI most greatly enhancing the productivity of novice and low-skilled workers. 

Visit https://satchel.works/@wclittle/ventures-episode-146 for more information. 

You can watch this episode via video here.  

0:03 - Tee-up for the episode, where to find the audio and/or video for this screencast, talking about the skill gap and GenAI

0:39 - Case for the skill gap being widened: Examples from a YouTube video (https://www.youtube.com/watch?v=_A_Jpr9HkGA&ab_channel=CJGammon) and GitHub Copilot (https://github.com/features/copilot

3:14 - Case for the skill gap narrowing: https://www.nber.org/system/files/working_papers/w31161/w31161.pdf // Study showing that the skill gap is narrowing. 14% increase in productivity for all workers, and even more for novice and low-skilled workers. 

4:36 - Link to McKinsey’s article: https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-generative-ai 

4:48 - Access GPT-4 for free with Bing. Example using Bing Chat to ask about Satchel.Works