The Impact of Ai on Jobs: what you need to know
Artificial intelligence (AI) is rapidly transforming the world, and the job market is no exception. AI is already being used to automate tasks in a variety of industries, and this trend is only going to become more prevalent in the future. Job displacement One of the biggest concerns about AI is that it will lead to widespread job displacement. According to a report by the McKinsey Global Institute, up to 800 million jobs could be lost to automation by 2030. However, it's important to note that AI will also create new jobs. The McKinsey report estimates that 950 million new jobs could be created by AI by 2030. Job creation The new jobs that are created by AI will likely require different skills than the jobs that are lost. For example, AI is likely to create new jobs in the areas of data science, machine learning, and software development. These jobs will require a high level of technical skills. Skills gap The rise of AI is also likely to lead to a s...