Impact of AI on Employment

SOURCE www.cnn.com
The World Economic Forum survey shows that 41% of employers plan to downsize their workforce due to AI automation. However, 77% also intend to reskill and upskill existing workers to better work with AI. The report highlights the impact of generative AI on reshaping industries and tasks, with increasing demand for AI skills.

Key Points

  • 41% of employers intend to downsize workforce due to AI automation
  • 77% plan to reskill and upskill existing workers
  • Generative AI is reshaping industries and tasks
  • Increasing demand for AI skills in the job market

Pros

  • Reskilling and upskilling existing workers to better work alongside AI
  • Augmenting human skills through human-machine collaboration

Cons

  • Potential job decline in certain roles like postal service clerks and graphic designers
  • Some workers have already been replaced by AI in companies like Dropbox and Duolingo