Payrolls to Prompts: Firm-Level Evidence on the Substitution of Labor for AI
Slashdot: “A new study [PDF] from Ramp’s economics lab has found that businesses are steadily replacing freelance workers hired through platforms like Upwork and Fiverr with AI tools from OpenAI and Anthropic, and the substitution is happening at a fraction of the cost. The paper, authored by Ryan Stevens, Ramp’s Director of Applied Sciences, tracked …