Artificial intelligence is changing the labour market: Will it create new jobs or does it replace existing ones?
In recent years, the discussion about the effects of artificial intelligence (AI) on the job market has intensified. Some fear that AI will replace and thus eliminate jobs, while others argue that AI will create new jobs. In this blog post we look at the current situation and try to give a small assessment.
It’s true: AI is able to perform certain tasks faster and more efficiently than humans. Strictly speaking, this may result in certain jobs having to undergo restructuring in the future. However, it’s important to note that AI can also reduce workloads in many areas by taking over routine tasks and freeing people more time for creative and more challenging tasks.
This can be particularly advantageous in areas where the workload is generally high and the susceptibility to errors is consequently increased. Examples of this can be found in many areas. Starting with clerks at insurance companies. AI always delivers consistent quality, does not tire. It can access huge data sources in fractions of a second and compare them with each other. Hospitals are using AI in some areas to help with diagnoses. But it is also true that AI-generated results should always be comprehensible to humans and therefore verifiable.
This can be particularly advantageous in areas where the workload is generally high and the susceptibility to errors is consequently increased. Examples of this can be found in many areas. Starting with clerks at insurance companies. AI always delivers consistent quality, does not tire. It can access huge data sources in fractions of a second and compare them with each other. Hospitals are using AI in some areas to help with diagnoses. But it is also true that AI-generated results should always be comprehensible to humans and therefore verifiable.
Overall, it can be said that AI will revolutionize some jobs. It will also create new jobs. Ultimately, whether AI eliminates or creates jobs depends on various factors, such as the types of tasks that AI takes on and the new industries and companies that are based on AI technologies. It is important that we consciously address these impacts and take action to ensure the benefits of AI are shared by all. This technology should support people, improve and accelerate processes. In some areas this is already possible today – in other areas it will take some time.
