The concept of technological progress disrupting the job market has been around for some time. Robots and automation have already made their way onto factory floors and assembly lines, impacting the workplace in various ways. However, experts believe that artificial intelligence (AI), a rapidly advancing technology, will target a different segment of the American workforce than previous technologies.
Unlike robots that primarily perform physical tasks, AI is designed to mimic human cognitive abilities. A recent Pew study found that 19% of American workers are in jobs with high exposure to AI. These jobs, such as budget analysts, data entry keyers, tax preparers, technical writers, and web developers, often require analytical skills that AI may replace or assist with. Workers with high exposure to AI tend to be women, white or Asian, higher earners, and college graduates.
On the other hand, 23% of American workers have low exposure to AI, including occupations like barbers, dishwashers, firefighters, pipelayers, and child care workers. These jobs involve physical activities that AI cannot easily replicate. The remaining 58% of jobs have varying levels of AI exposure.
It is still uncertain whether AI will be a slow-moving force or a tsunami in terms of its impact on the workforce. While there may be some job displacement, AI could also open up new occupations that we aren’t aware of yet. Historically, fears of technology destroying jobs have been mostly unfounded, as automation tends to create as many jobs as it destroys. Technology makes workers more productive, leading to lower costs, increased consumer spending, and new job creation.
However, some workers do lose out when they are directly replaced by technology. Digital automation has contributed to labor market inequality and job loss for production and clerical workers. The future automation, including AI, has the potential to cause even more displacement and inequality, potentially affecting millions of workers in various industries.
This shift towards AI technology has also led to an increased demand for workers with AI-related skills. Employers are now actively seeking workers with AI skills, particularly in building AI technology and in creative or marketing roles that utilize AI tools. The growth in AI-related job ads on platforms like Indeed has been significant in recent years.
The impact of AI on the job market is still uncertain, and it remains to be seen how it will disrupt various industries and job roles. However, it is clear that AI will have a significant influence on the future of work.