Artificial intelligence will change the job market.  14 million people may lose their jobs.  Who will gain and who will lose?

Artificial intelligence will change the job market. 14 million people may lose their jobs. Who will gain and who will lose?

The number of jobs will fall by 14 million, mainly after the implementation of artificial intelligence (AI) algorithms, according to a report by the World Economic Forum (WEF). The demand for AI specialists will increase, and employers will focus on creative and analytical thinking skills. Problems will have, however, e.g. accountants and cashiers.

surveyed 803 companies that employ a total of over 11.3 million people in 27 industries and 45 economies around the world. Questions were asked about market trends, including the direction of technological changes and how they will affect employment in 2023-2027. Employers estimate that over the next five years, 69 million new jobs will be created, but at the same time, 83 million jobs will be lost on the labor market. Thus, as a result of technological changes, mainly the implementation of AI (artificial intelligence), the balance of jobs will decrease by 14 million, i.e. 2 percent. out of 673 million positions included in the report set.

What professions will AI take away from us? What to learn?

Many things will influence changes in the labor market over the next five years. New jobs will be generated by the economic transformation, the development of Big Data, professions related to environmental management and the growing importance of . In turn, problems may be caused by the economic slowdown and the persistently high . The development of artificial intelligence can both have a positive and negative impact on the labor market, according to the WEF report.

Employers will look for specialists who will implement and help them manage AI. Employment among data analysts, scientists, machine learning specialists and cybersecurity experts is expected to increase by as much as 30 percent. by 2027. Importantly, employers value “the ability to use AI tools effectively” more than programming.

Operators of agricultural equipment can count on a similar increase. 30 percent new positions, it is as much as 3 million full-time jobs. The increase in education is estimated the same, but this number is responsible for 10 percent. employment more. Among specialists in e-commerce, digital transformation or digital marketing and strategy, 4 million new jobs are expected.

However, problems will arise in other industries. The development of algorithms is expected to reduce jobs in the administration by up to 26 million. AI will be the biggest concern for employees involved in data entry, but also cashiers or people in secretarial and office positions.

Companies expect automation, so they want more creativity

Automation has barely budged in recent years and its pace has been slower than expected in the 2020 WEF report. Currently, the degree of automation surveyed companies estimate at 34 percent, so only 1 percent. more than three years ago. At that time, it was expected that within five years automation would cover 47 percent. business tasks. In the current report, employers predict that by 2027, algorithms will perform 42 percent of all jobs. duties.

Changes related to the implementation of artificial intelligence will be quite extensive and employers forecast that 44 percent of workers skills will be disrupted by AI. As a result, companies report that the most important skills are those related to creative and analytical thinking, with the former gaining a little faster in importance. Knowledge of technology is also increasingly valued.

It is also forecast that by 2027, 60% of employees will require training. At the same time, only half of employees have access to such tools and workshops. 10 percent training is to concern analytical thinking, and 8 percent. – creative.

There is a clear way to ensure resilience to changes in the labor market. Governments and businesses must invest in supporting re-industry for the jobs of the future through education, reskilling and social support structures that can ensure that people are at the heart of tomorrow’s jobs

-, managing director at the World Economic Forum.

Source: Gazeta

You may also like

Immediate Access Pro