fter the release of OpenAI's chatbot ChatGPT, actress Fran Drescher commented that "we are all going to be in jeopardy of being replaced by machines." While she was speaking specifically about the use of artificial intelligence in writing movie scripts, her comment echoed fears of others in a variety of industries. Using what you have learned in this class, answer the following:

• Pick one current industry and describe the labor market impacts of the AI revolution. Be sure to specifically mention how AI will impact the supply of labor, the demand for labor, and the wage (the price paid for labor).
• Is Drescher right that we are all in jeopardy of being replaced by machines? Or is there perhaps some reason for optimism?