AI was supposed to destroy jobs. Where’s the carnage?
Summary
Experts predicted that artificial intelligence (AI) would cause many job losses, especially in entry-level white-collar roles. However, a year later, AI has changed how jobs are done but has not caused large-scale unemployment. Employers now value AI skills more and are adjusting job roles rather than cutting many jobs.Key Facts
- AI was expected to eliminate many jobs, including half of entry-level white-collar positions.
- Since ChatGPT’s launch in 2022, unemployment among workers exposed to AI rose only slightly, similar to workers less exposed.
- Other factors like remote work and ending pandemic hiring also affect employment figures.
- Measuring AI’s true impact on jobs is difficult due to delays in government data and limits in private data.
- AI is changing job tasks by automating some parts and raising skill requirements.
- About 74% of employers see AI skills as important or required, with 13% requiring them across all roles.
- Employers want new hires to already have AI skills from day one.
- Some job areas see both hiring and layoffs as companies explore the best mix of AI and human skills.
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