According to Bloomberg News on June 30, Charterzi made these remarks at the European Central Bank (ECB) annual forum held in Sintra, Portugal. He noted, "The fact that certain tasks are exposed to AI does not mean that AI will replace those tasks."
He explained that technological changes could alter work methods rather than simply eliminate specific jobs. As an example, he referenced his father's experience as an economist when personal computers (PCs) were introduced in 1985. Previously, regression analysis required large computers in dedicated spaces using punch cards, but with the advent of PCs, researchers could conduct analyses directly on their own computers.
Charterzi also assessed that the anticipated job losses in the software development sector due to the spread of AI have not been as pronounced as expected. Although there were predictions that the rapid improvement of AI would significantly reduce developer jobs, the actual changes in the labor market are proving to be more complex.
He emphasized, "We need to think more deeply about what jobs are and how they will evolve in the future." He added that discussions about AI should not remain in vague optimism or pessimism but should be based on actual labor market trends.
The impact of AI on employment and productivity has become a central concern for major central banks and governments. However, ECB researchers have stated that there is currently no clear evidence that the spread of AI has led to large-scale job reductions.
ECB President Christine Lagarde noted that while Europe’s rapid adoption of AI could be advantageous for competitiveness, the effects of AI on the labor market are being closely monitored.
* This article has been translated by AI.
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