The rapid spread of artificial intelligence (AI) is causing concerns beyond job losses. A study by the OECD examined AI’s impact on employment in 15 countries. So far, there has been minimal overall impact on jobs, but workers are worried about potential job loss in the next decade.
The study found that AI has positively influenced productivity in firms without resulting in significant job losses. Some firms have even created new jobs due to implementing AI technologies.
However, persistent worries remain among workers about the future of their employment. In a survey, 40% of respondents expressed concerns about losing their jobs to AI within the next ten years.
The fear of job losses is attributed to the relatively new nature of AI technology. As AI advances and becomes more sophisticated, there is a possibility of greater job displacement in the future.
Nevertheless, the study acknowledges the potential for AI to generate new job opportunities. AI could contribute to the creation of novel products and services, necessitating the development of new job roles.
Given these findings, the authors stress the importance of proactive planning for the future of work. They recommend that governments and businesses invest in education and training to equip workers with the skills needed in the era of AI.
These research findings align with other studies on AI’s impact on employment. McKinsey & Company projected that AI could displace up to 800 million jobs by 2030 while creating up to 900 million new jobs.
The future of work remains uncertain, but it is clear that AI will play a significant role. Taking proactive steps to prepare for these changes is crucial, enabling workers to adapt and succeed in the evolving landscape.
Growing Adoption of Artificial Intelligence (AI) in Indian Manufacturing Firms: PwC Report
