The Data
However, as the commercial adoption of AI is still nascent in many industries, it is still unclear what workers will be affected by AI. While there exist many studies on the labor market impact of robot adoption, there are no comparable studies for AI technologies. Fortunately, the Stanford economist Michael Webb has developed a clever way to measure future exposure to AI technologies. His idea is the following: The text of AI-based patents contains information about what technologies do, and the text of job descriptions compiled by the Department of Labor contains information about the tasks people do in their jobs. Combining these two datasets, we can quantify what jobs AI may soon be capable of performing at the workplace. For example, one of the tasks of doctors is “Interpret tests to diagnose patient’s condition”. From these task descriptions, Webb extracts verb-object pairs. In this case, the pairs would be (interpret, test) and (diagnose, condition). To then measure this task’s exposure to AI, Webb calculates the frequency of these verb-object pairs in the titles of all AI-based patents. With this method, he is able to rank 964 occupations in the database according to their exposure to AI technology. To contrast the impact of AI with past technological shocks, Webb also calculates the exposure to robots and software technologies.
