How Long Will it Take to Recover if AI Displaces Your Job?

Group 1 - Workers in industries disrupted by AI may require an average of one month longer to find new employment compared to others, with a median unemployment duration of 11.4 weeks for all unemployed workers [1][6] - Displaced workers from shrinking fields may experience a decline in earnings of more than 4%, which is double the rate of other displaced workers when they secure full-time roles [2][6] - Approximately 6% to 7% of U.S. workers may be displaced by AI in the next decade, with older workers (55 and above) facing greater challenges during this transition [4] Group 2 - Employers are likely to prioritize hiring workers proficient in AI, suggesting that individuals concerned about job security should consider enhancing their skills with AI technology [3][5] - The Federal Reserve Bank of St. Louis indicates that skilled workers who effectively utilize AI may become highly valuable, potentially leading to the elimination of conventional jobs in favor of more productive activities [5]