Miao Yanliang, chief economist at CICC, shared that at present, the impact of AI on the overall labor market is not obvious, but in some industries where AI exposure is high, career entry for some people has begun to narrow. According to Miao Yanliang, there is a clear difference between this round of AI revolution and the previous round of the information technology revolution: AI affects a higher level of jobs. “The higher the level of income, the higher the exposure to AI”. He also said that judging from current US data, the overall unemployment rate is still low, and AI has yet to be shown as a large-scale replacement for existing jobs. However, in some industries, there has been a marked decline in recruitment demand, and AI may first reduce companies' demand for junior jobs. He suggested that it is necessary to deal with changes in employment and income distribution brought about by AI through measures such as employment security, retraining, job creation, and fiscal policies.

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