However, the adoption of AI could also lead to job losses, pushing more people into the gig economy. While this could mean lower pay and fewer benefits for workers, it could also provide more flexibility and opportunities for income growth. Kweilin Ellingrud, a senior partner at McKinsey, suggests that creating more flexible work for a broader set of people could be beneficial for productivity, the economy, and businesses.
Key takeaways:
- Americans are increasingly turning to freelance and gig work, with AI advancements potentially making such independent jobs a necessity.
- AI tools like ChatGPT are expected to boost productivity by automating some work tasks, potentially leading to employers opting for fewer full-time workers.
- AI tools could also make it easier for companies to find gig workers, as they can help people become proficient at a variety of work tasks.
- While AI could eliminate some jobs, pushing more people into the gig economy, it could also eliminate some gig jobs, making it uncertain whether AI will exacerbate or reverse gig work's recent growth.