Early data show wages are rising for AI-exposed jobs that place a high value on a "worker's tacit knowledge and experience", as textbook knowledge loses value (J. Scott Davis/Federal Reserve Bank of Dallas)

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J. Scott Davis / Federal Reserve Bank of Dallas:Early data show wages are rising for AI-exposed jobs that place a high value on a “worker's tacit knowledge and experience”, as textbook knowledge loses value  —  Artificial intelligence's impact on the labor market will depend on whether the technology automates or augments worker tasks.