AEA Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
What Can Machines Learn, and What Does It Mean for Occupations and the Economy?
AEA Papers and Proceedings
vol. 108,
May 2018
(pp. 43–47)
Abstract
Advances in machine learning (ML) are poised to transform numerous occupations and industries. This raises the question of which tasks will be most affected by ML. We apply the rubric evaluating task potential for ML in Brynjolfsson and Mitchell (2017) to build measures of "Suitability for Machine Learning" (SML) and apply it to 18,156 tasks in O*NET. We find that (i) ML affects different occupations than earlier automation waves; (ii) most occupations include at least some SML tasks; (iii) few occupations are fully automatable using ML; and (iv) realizing the potential of ML usually requires redesign of job task content.Citation
Brynjolfsson, Erik, Tom Mitchell, and Daniel Rock. 2018. "What Can Machines Learn, and What Does It Mean for Occupations and the Economy?" AEA Papers and Proceedings 108: 43–47. DOI: 10.1257/pandp.20181019Additional Materials
JEL Classification
- C44 Operations Research; Statistical Decision Theory
- D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- M15 IT Management