A recent IBM report predicted that over 50 million people will need retraining due to AI. In fact, the technology will impact more than half of the workforce in China. It is estimated that by 2030, AI will affect $15.7 trillion in GDP worldwide. In addition to the aforementioned jobs, AI will also affect other industries such as healthcare and education. In this article, we’ll explore the possible impact of AI on jobs and how we can prepare for it.
The technology behind AI has the potential to be a job enhancer, but it is still too early to determine whether it will kill or create jobs. According to Kai-Fu Lee, CEO of Sinovation Ventures and author of the book “AI Superpowers,” AI will take over 50 percent of jobs in fifteen years. Meanwhile, it is estimated that AI will also create 97 million new jobs during the same period. For example, AI will soon replace certain healthcare tasks like revenue cycle management.
Despite these predictions, technology is advancing fast, and many workers are already experiencing job losses. Even low-skill jobs will continue to exist. In fact, these jobs will be most affected by AI. Those who don’t receive training can find employment in high-skill occupations. The future of jobs is bright, but the transition to AI and robots isn’t without risk. While AI will have positive effects on individuals and businesses, the technology will not necessarily bring them equal rewards.
AI will probably eliminate most low-skill jobs, like gas station attendants and elevator operators. It will also increase the efficiency and productivity of human jobs. Research shows that seventy-five percent of workers already impacted by AI say the technology helps them make better decisions. It’s important to be prepared for the changes that AI will bring. It’s vital to be prepared to adapt to these changes. It’s time to prepare for this eventuality.
In the long run, AI will eliminate many jobs, primarily those in lower-skill jobs. At the same time, it will improve the efficiency and productivity of workers. As a result, it will not only replace jobs but also create new ones. This will ultimately make AI a positive force in society. It will not replace humans; it will enhance them. But how will AI affect employment? And how will we be able to adapt?
Despite AI’s positive potential, job loss due to AI will still affect jobs and employment. Moreover, it could be a negative symptom of an epidemic that strikes low-skill workers. As a result, we should focus on training and upskilling these workers. Similarly, if an industry isn’t prepared for the impact of AI, it may have a negative effect on society.
The impact of AI on jobs is not limited to the workplace. Thousands of AI patents and job descriptions show how AI is changing the world economy. In a study, researchers analyzed thousands of job descriptions to understand the impact of AI on employment. The study found that those with a higher education level are more vulnerable to job loss than those with less advanced degrees. A similar study found that those with advanced degrees were more likely to be affected than those without a degree.
While it’s impossible to predict the impact of AI on jobs, it has already affected some industries. While AI will reduce jobs in low-skill fields, it will not affect jobs in high-skilled sectors. Those with highly skilled workers will benefit from AI’s increased efficiency. As a result, there is a growing need to train workers. While AI may be beneficial for businesses and individuals, it will not necessarily be equally distributed. Governments and businesses must work together to ensure that as many people as possible can participate in their benefits.
Some jobs may be threatened by AI, especially those with a low-skilled workforce. But there are other areas of work that AI can impact, including manufacturing and retail. For example, it will affect jobs in legal services and design. The problem isn’t AI in general but in specific fields. A large proportion of these people will face job losses as a result of technology. There is no denying that AI is already disrupting jobs.