AI is already taking jobs, with companies likely to replace workers
- Author Lazarus Lucas
- Published April 27, 2024
- Word count 530
In recent years, the advancement of artificial intelligence has created excitement and concern about its potential impact on jobs.
The International Monetary Fund (IMF) predicts that nearly 40 percent of global employment is exposed to AI, with advanced economies facing greater risks and opportunities compared to emerging markets and developing economies. In advanced economies, approximately 60 percent of jobs may be impacted by AI, with half of these jobs potentially benefiting from AI integration through enhanced productivity, while the other half may experience reduced labor demand, lower wages, and even job displacement.
The impact of AI on specific industries and job roles is also becoming increasingly apparent. A survey conducted by ResumeBuilder.com in February 2023 revealed that one in four companies in the United States had already replaced employees with ChatGPT. The survey found that 49 percent of companies were using ChatGPT for various tasks, including writing code (66 percent), creating content (58 percent), providing customer support (57 percent), and summarizing meetings or documents (52 percent).
The World Economic Forum’s Future of Jobs Report 2023 estimates that across 45 economies, covering 673 million workers, 69 million new jobs are expected to be created, while 83 million jobs may be eliminated, resulting in a net decrease of 14 million jobs, or 2 percent of current employment. The jobs most at risk of being replaced by AI include bank tellers, cashiers, clerks, secretaries, and accounting professionals.
However, it is important to recognize that AI is not just a job-displacing force. The technology also has the potential to create new opportunities and enhance productivity in various sectors. The Future of Jobs Report 2023 shows that the green transition and increasing consumer awareness of sustainability issues will generate new roles, such as renewable energy engineers, solar energy installation and systems engineers, sustainability specialists, and environmental protection professionals. These roles are expected to grow by approximately one million jobs in the coming years.
The report identifies education and agriculture as significant areas of job growth, driven by demographics and the application of new technologies.
Many jobs are expected to be impacted by AI. Here’s a compiled list of all of them:
Jobs expected to be impacted by AI:
Bank tellers
Cashiers
Clerks
Secretaries
Accounting professionals
Data entry clerks
Customer service representatives
Telemarketers
Proofreaders and editors
Translators
Bookkeepers
Paralegal and legal assistants
Retail salespersons
Taxi and ride-hailing drivers
Warehouse workers
Jobs expected to grow:
Renewable energy engineers
Solar energy installation and systems engineers
Sustainability specialists
Environmental protection professionals
Data scientists and analysts
AI and machine learning specialists
Robotics engineers
Cybersecurity experts
Digital marketing specialists
Software developers
Cloud computing professionals
Healthcare professionals (e.g., nurses, physicians, and medical technicians)
Mental health professionals
Educators and trainers (especially in STEM fields)
Green construction and retrofitting specialists
Agricultural technologists
Supply chain and logistics experts
Social media managers
Virtual and augmented reality developers
Blockchain developers
Employers also have an important role to play in the AI-driven future of work. By investing in reskilling programs, companies can help their employees adapt to the changing job market.
Continuous learning and the ability to work alongside AI systems will be essential for success in the job market. Online learning platforms and rapid certification programs can provide accessible and equitable opportunities for workers to acquire the necessary skills.
Stock Market enthusiast, with an interest for politics and world-wide events. Publisher and Editor of https://ljlnews.com/, Feel free to contact me at: Lazarus@ljlnews.com
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