Generative AI is revolutionizing the way people work by enabling them to take on multiple jobs simultaneously. According to a study by Morgan Stanley, AI tools are projected to increase earnings from multiple jobs by at least $83 billion by 2030. The survey conducted by the investment bank revealed that multi-earning in the US has grown by 11% in the past year. The rise of generative AI has been a key driver of this trend, with the accessibility and affordability of AI tools playing a significant role. The researchers forecast that by 2030, income from multiple jobs could reach $400 billion, with generative AI contributing $83 billion. In a more optimistic scenario, multi-earning income could reach $1.4 trillion, with generative AI contributing $300 billion. AI tools such as ChatGPT, DALL-E, and GPT-4 have emerged, allowing employees to work more efficiently and manage multiple jobs. Industries such as affiliate marketing, e-commerce, content creation, tutoring, graphic and web design, programming, and rental services can benefit from generative AI. The average multi-earner using generative AI earns $8.50 per hour, compared to $7 per hour without the technology. Overall, the study highlights the potential of generative AI to boost income and facilitate the growth of multi-earning.
