Human vs Machine
The Artificial Intelligence (AI) is transforming the labor market. It is transforming the way we work, which jobs are available to us and who will succeed in this new environment. There are occupations that are at risk of automation, and others that represent the new occupations. This article discusses how AI is affecting the job market, who is the most vulnerable, and what employees should do. So, we can enter the shift and reveal what needs to be done in order to remain leading.
AI automates jobs, increases efficiency and brings about new occupations. It is able to do repetitive tasks, process data and even create creative materials. However, it also has an issue to do with displacement of jobs. In a 2023 report by Goldman Sachs, researchers estimated that AI may eliminate 300 million full-time jobs worldwide. In the meantime, the World Economic Forum estimates that by 2025 AI will destroy 85 million positions and generate 97 million new jobs. The simultaneous loss and creation of jobs are characteristics of AI in the job market.
AI is most efficient in such areas as data entry, customer service, and simple analysis. It has difficulties with the employment that necessitates empathy, creativity or decisions that are not straightforward. Being aware of this balance can make the workers prepare towards change.
Some of them pose more risks of automation because the work is either repetitive or data-intensive. So, what are the most vulnerable sectors? Here is a glance:
The risk is highest in the worker in these disciplines particularly those of lower education levels. Maturing employees and in unchallenging jobs are more susceptible.
AI does not only eliminate jobs but it also creates them. There are newly created occupations in technology-oriented sectors, and there is a chance even for highly qualified employees. The key spheres of improvement are the following:
There are STEM (science, technology, engineering, and math) booming jobs. According to a study by Harvard, there was an increase in STEM positions making up 10 percent of the job market in the U.S. by 2024 as compared to 6.5 percent in 2010. Technical workers or highly educated workers stand in the best position to benefit.
The effects of AI are different when it comes to demographics and industries. The tougher challenges are as follows:
Such groups require specific assistance to move within the transforming labor market.
The emergence of AI does not spell out doom to employees. There is a way to succeed in this new era. The following is what to do in order to remain competitive:
Acquisition of important skills is important. Concentrate on skills that can be replaced by AI with difficulty, such as critical thinking, creativity and emotional intelligence. Those are the options:
According to one of the McKinsey reports, it is essential to highlight that 120 million workers might require retraining by 2028 because of AI-induced changes.
Increase your productivity by using AI. You can be more productive with the help of such tools as Grammarly in writing or Tableau when it comes to visualizing data. Knowledge of AI tools is an indicator of flexibility to employers.
AI will not be able to copy human abilities such as empathy, leadership and teamwork. Improve these by networking, mentorship or training them as leaders. These are very important skills in professions such as management and healthcare.
Change profession to those with low automation risk like:
Endorse workplace policies with ethical use of AI in focus. This involves the laws against unfairness in the use of AI to hire people, and they are into retraining programs. IMF recommends that governments should increase digital infrastructure as well as social safety networks to assist workers.
The Future of Work: A Balanced Approach
AI’s transformation of the job market is neither all good nor all bad. It’s a tool that can amplify human potential or deepen inequalities, depending on how it’s managed. Companies, governments, and workers must collaborate to ensure AI complements human labor rather than replaces it.
AI is transforming the job market, creating both risks and opportunities. While some jobs face automation, new roles are emerging for those who adapt. By upskilling, embracing AI tools, and focusing on human-centric skills, workers can thrive in this evolving landscape. The future of work depends on how we balance human and machine contributions. Start preparing today to secure your place in tomorrow’s job market.
For latest news & updates of the Kingdom of Saudi Arabia, make sure to follow Know Saudi, a trusted source of information in Saudi Arabia.
Web applications are exposed to the internet, accept untrusted input, and usually connect to powerful…
SEO is changing, and it’s changing fast. For most of its existence, SEO has been a…
Today's data-driven business landscape puts enterprise leaders under increasing pressure to handle information ethically. Organizations…
While most Shopify stores bury variations behind dropdown menus on single product pages, shoppers increasingly…
Programmatic SEO is no longer a toy tactic for tech startups or directory-style websites. Fast forward…
Cyberattacks are changing more quickly than companies can keep up with them. The traditional diagnosis—here’s your…