New Study Shows 27% of Jobs at High Risk of Full Automation Due to Artificial Intelligence Growth
Artificial intelligence (AI) is revolutionizing the way people work, and a new study suggests that nearly 27% of jobs could be fully automated by AI in the near future. The Organisation for Economic Co-operation and Development (OECD) has warned that while there is currently limited evidence of AI’s impact on the job market, this could change as the technology continues to evolve.
Not all jobs are equally at risk of being replaced by AI, according to the OECD. High-risk jobs are those that rely heavily on skills and abilities that can be automated by AI. The organization’s survey of 5,300 workers across 2,000 firms in seven member countries revealed that 60% of employees fear losing their jobs to AI within the next decade. However, it is worth noting that the survey was conducted before the emergence of generative AI technologies like ChatGPT, indicating that the actual number of concerned employees could be even higher.
Despite these concerns, two-thirds of workers who already collaborate with AI reported that automation has made their jobs less dangerous or tedious. The impact of AI on the workforce, and the balance of benefits and risks, will depend on policy decisions, according to OECD Secretary General Mathias Cormann.
Cormann emphasized the need for governments to support workers in adapting to and capitalizing on the changes brought about by AI. Policies such as minimum wage provisions and collective bargaining could help counter the wage pressures caused by AI. Furthermore, governments and regulators should prioritize worker rights to prevent potential exploitation by AI systems.
The rapid growth of AI technology is rapidly reshaping both the way people live and work. With such a significant percentage of jobs at high risk, the next few years will provide a clearer understanding of AI’s overall impact on employment. Companies like ChatGPT and others in the AI sector continue to expand their reach as businesses worldwide harness the power of this technology. For example, startups such as Thumzup are leveraging AI to democratize marketing and maximize return on investment for advertising campaigns.
It is essential to approach the integration of AI into the workforce with caution and foresight. While AI has the potential to streamline processes and improve efficiency, it could also lead to job displacement if not properly managed. Striking a balance between technological advancement and workforce well-being should be a priority for governments and businesses alike.
In conclusion, the rise of AI poses significant challenges and opportunities for the job market. While 27% of jobs are at high risk of becoming fully automated, it is crucial to remember that not all occupations face the same level of threat. The future impact of AI on employment will depend on policy decisions and the responsible implementation of AI technologies. By prioritizing worker rights and enacting supportive policies, governments can ensure a smooth transition into an AI-driven future.
