Artificial intelligence (AI) could replace the equivalent of 300 million full-time jobs

 

It is true that certain research indicate that artificial intelligence (AI) may eventually displace a sizable portion of the workforce. For instance, a 2017 analysis by the McKinsey Global Institute predicted that by 2030, 375 million jobs might be lost globally due to automation and other technologies.

However, it's vital to keep in mind that not all of these positions will be entirely eliminated by AI. Robots might replace some of the tasks currently done by people, but this does not always mean that all of the jobs will be eliminated. In many cases, AI is intended to complement human labour rather than completely replace it.

Moreover, it's crucial to remember that AI has the ability to create new industries and jobs. As AI technology advances, new applications and use cases will arise, opening up new career possibilities in disciplines like data science, software engineering, and AI research and development.

The effect of AI on the labour market will differ depending on the sector and profession, it is also important to note. Compared to jobs that call on sophisticated decision-making, creativity, and interpersonal skills, regular or repetitive jobs are more likely to be affected by AI. Overall, even though AI may in the future alter the labour market, it's important to approach this issue from a balanced perspective. How AI will impact employment will depend on a variety of factors, including the industry in which the work is done, the sort of labour performed, and the investments and regulations made by governments and other organisations.


Ayaz Khan

Hello My Name, is Ayaz Khan & i am seasoned technology expert with visionary leader with a passion for innovation and a deep understanding of how technology can transform businesses and improve people's lives.

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