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The impact of Artificial Intelligence on the labour market



Artificial intelligence (AI) has been an increasingly discussed topic in the labour market, according to a Goldman Sachs survey, about 67% of Americans will have part of their free time to perform other more productive activities, while 7% will have at least half of the tasks automated by AI, so they will be more vulnerable to replacement. On the other hand, with the advancement of this technology, the gain in productivity could increase global GDP by up to 7% over a 10-year period, according to the researchers.

Although AI offers many advantages, such as improving efficiency and accuracy in routine tasks, it also has a significant impact on the labour market. Below, some of the effects of AI on the workforce will be addressed.


Loss of jobs


The automation of routine tasks, such as customer service, accounting and manufacturing, can lead to job losses for workers who perform these functions. However, it is also important to remember that AI can create new jobs in areas such as programming, engineering and data science.


Skills enhancements


AI can also lead to a change in the skills needed by workers. Technical and data analysis skills are becoming increasingly important, while skills such as communication, empathy and collaboration remain essential. It is important that workers are prepared to learn new skills and adapt to changes.


Increased productivity


AI can increase business productivity, allowing routine tasks to be performed with greater efficiency and accuracy. This can lead to an increase in demand for workers in areas that require skills that cannot be automated, such as the development of new ideas and business strategies.


Economic inequality?


AI can have an uneven impact on the economy. Workers with skills in areas such as technology and data analysis can benefit from the growing demand for these skills, while those in more routine jobs can be left behind. This can lead to broader economic inequality unless measures are taken to help workers adapt to changes.


In conclusion, AI has a significant impact on the labour market, and it is important that workers are prepared to adapt to changes. Although it can lead to job losses in some areas, AI can also create new job opportunities and increase business productivity. It is important that governments and companies work together to ensure that the transition to a more automated labour market is fair and equitable for all workers.

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