Will AI Replace Our Jobs?

While it is true that AI and automation have the potential to displace certain types of work, it is important to consider the broader context and the potential for AI to also create new job opportunities

J. Angelo Racoma N2RAC/DU2XXR
The Daily 500

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Photo by Possessed Photography on Unsplash

There has been much discussion and debate about the potential for artificial intelligence (AI) to replace jobs. While it is true that AI and automation have the potential to displace certain types of work, it is important to consider the broader context and the potential for AI to also create new job opportunities.

According to a report from the Organization for Economic Cooperation and Development (OECD), the net impact of AI on jobs is expected to be modest, with about 14% of jobs at risk of automation, while others will be created as a result of AI adoption. The report also notes that the net impact on jobs will depend on how well workers are able to adapt to the changing labor market and acquire the necessary skills.

A study by the McKinsey Global Institute estimates that about 375 million workers, or roughly 14% of the global workforce, may need to switch occupational categories as a result of automation by 2030. However, the study also estimates that as many as 375 million new jobs could be created as a…

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J. Angelo Racoma N2RAC/DU2XXR
The Daily 500

Angelo is editor at TechNode.Global. He writes about startups, corp innovation & venture capital (plus amateur radio on n2rac.com). Tips: buymeacoffee.com/n2rac