"How Artificial Intelligence Could Create More Jobs than It Displaces" - Credit: CBS News

How Artificial Intelligence Could Create More Jobs than It Displaces

Artificial intelligence (AI) has been a hot topic in recent years, and for good reason. AI is transforming the way we work, live, and interact with each other. But while many people are concerned about how AI will affect jobs, there’s evidence that it could actually create more jobs than it displaces.

A study by McKinsey Global Institute found that while automation could displace up to 800 million workers worldwide by 2030, it could also create as many as 133 million new roles in the same period of time. This means that overall job growth would remain positive despite some displacement due to automation.

The types of jobs created by AI may be different from those displaced by it though; they may require different skills or involve working with machines instead of humans. For example, machine learning engineers are needed to develop algorithms for automated systems and robots need technicians to maintain them properly. In addition, businesses will need employees who can manage these technologies effectively and ensure their ethical use in the workplace – something which requires human judgement rather than artificial intelligence alone.

In order for this potential job growth to become reality however, governments must invest heavily in education and training programs so that workers have access to the necessary skills required for these new roles – such as coding or data analysis – before they become available on the market place . Companies should also look at ways they can retrain existing staff members so they can take advantage of any opportunities presented by AI-driven technology changes within their organization too .

AI isn’t just creating new job opportunities either; its changing existing ones too . Automation is making certain tasks easier , faster , cheaper , and more accurate than ever before ; meaning companies don’t necessarily have to hire additional staff members when introducing new technologies into their operations . Instead , current employees can be trained on how best utilize these tools instead – freeing up resources which were previously spent on hiring extra personnel .

Overall then , although there is no denying that some jobs will inevitably be lost due to advances in artificial intelligence over time ; if managed correctly , this technology has huge potential when it comes creating employment opportunities too . Governments must act now though if they want make sure citizens are prepared for this future world of work where both man and machine collaborate together harmoniously !

Original source article rewritten by our AI:

CBS News




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