Will AI Take Your Job? Understanding AI's Impact on Employment
Teh rise of artificial intelligence (AI) has sparked both excitement about its potential and concerns about technological unemployment. As AI systems become increasingly capable at automating tasks once performed by humans, there are real fears that many jobs could be made obsolete. However, the impacts of AI on employment are nuanced and not as straightforward as a simple "humans vs machines" narrative. Job Displacement vs Job Creation While AI will certainly displace certain jobs through automation, it will also create new jobs and industries that we cannot even fathom today. We've seen this pattern repeated throughout history with major technological revolutions. For example, automation led to declines in agricultural and manufacturing employment, but created vast new opportunities in other sectors. A 2020 study estimated that 85% of the jobs that will exist in 2030 haven't been invented yet. AI-Assisted Productivity Gains In many cases, AI will not completely repl...