INTRODUCTION
The topic of AI taking over jobs is a widely debated one. Artificial intelligence is poised to eliminate millions of current jobs, but it is also expected to create millions of new ones. According to a report by investment bank, Goldman Sachs, AI could replace the equivalent of 300 million full-time jobs, but it may also mean new jobs and a productivity boom.
AI is and will continue to replace some jobs. These include jobs in industries ranging from healthcare to agriculture and professions ranging from Legal, education, Accounting, Technology, all can expect to see disruptions in hiring due to AI. However, demand for workers, especially in robotics and software engineering, are expected to rise thanks to AI.
The consensus among many experts is that a number of professions will be totally automated in the next five to 10 years. A group of senior-level tech executives who comprise the Forbes Technology Council named 15: insurance underwriting, warehouse and manufacturing jobs, customer service, research and data entry, long haul trucking and a somewhat disconcertingly broad category titled “Any Tasks That Can Be Learned”.
Developments in generative AI tools like ChatGPT and Bard have raised questions about if AI will replace jobs that involve writing specially Copy writing and scripts for Television Programs and Movies. Some artists have concerns that AI image generators could harm their employment prospects.
The long-term impact of AI is highly uncertain, so all firm predictions should be taken with a very large pinch of salt. It’s important to focus on the potential living-standard gains from higher-productivity work and cheaper-to-run services, as well as the risk of falling behind if other firms and economies better adapt to technological change.