In the US, a study by Indeed.com shows that generative AI (GenAI) could transform almost all occupations. The study analyzed over 55 million job postings and found that GenAI could perform a significant portion of the skills required in 45.7% of jobs listed. However, the report emphasizes that AI's influence does not necessarily result in job losses; instead, it transforms and enhances various job functions. Despite concerns, researchers believe AI will not replace human workers but will enhance efficiency and productivity.
Key takeaways:
- The European Central Bank (ECB) research shows that AI integration is producing employment, particularly for highly-skilled workers, in 16 European nations.
- Despite concerns about AI reducing wages, the ECB research suggests "neutral to slightly negative impacts" on earnings, with the possibility of increasing over time.
- Generative AI (GenAI) has the potential to impact nearly one in five jobs in the US, particularly in IT operations, mathematics, and information design, according to a study by Indeed.com.
- Experts believe that AI will not replace human workers but will enhance efficiency and productivity, and workers who master new AI tools can become more productive, leading to career advancements.