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US employers making the biggest AI investments, including software and media companies, increased employment by about 10% after adopting AI tools, according to a study by jobs data company Revelio Labs and fintech Ramp. https://t.co/JQSCVgmFxk
Narrative violation: A new study of 21,559 firms in the U.S. finds that “companies that adopt AI tend to grow faster following adoption”.
“Firms making the largest AI investments grow employment by roughly 10% following adoption, while low-intensity adopters see no statistically significant change.”
“Entry-level headcount rises 12% for high-intensity adopters.”
“Gains emerge gradually and are broad across roles, including engineering, sales, administration, and customer service.”
“The results counter predictions that AI adoption will lead to broad job loss.”
The study is based on observed AI spending from Ramp card and bill pay data linked to Revelio Labs workforce records.
We can finally say AI isn't killing jobs.
A new paper from me, @tryramp, and @RevelioLabs uses firm-level spend and workforce data across 21K U.S. businesses to measure AI's impact on jobs.
Firms that adopt AI heavily grow headcount 10% over two years following adoption. Low adopters see no statistically significant change.