The Large Language Model (LLM) Paradox: Job Creation and Loss in the Age of Advanced AI

The dawn of the 21st century has witnessed groundbreaking advancements in artificial intelligence (AI), revolutionizing multiple domains from healthcare to finance, and reshaping the socio-economic landscape. A significant contributor to this paradigm shift is the development of Large Language Models (LLMs), which have emerged as powerful tools in understanding and generating human-like text. As with any technological disruption, LLMs prompt a pertinent question: As these models continue to permeate various industries, what implications do they hold for the global workforce? Will they serve as a catalyst for mass job displacement, or could they unlock unprecedented avenues of job creation? This article delves into this crucial debate, dissecting the dual-edged impact of LLMs on the world of employment [1,2].