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Recent data shows AI job losses are rising, but the numbers don't tell the full story

Dec 16, 2023 - cnbc.com
Elon Musk's prediction that artificial intelligence (AI) will lead to a future where "no job is needed" is being challenged by experts. A recent report revealed that 37% of 750 business leaders using AI said the technology replaced workers in 2023, and 44% predict layoffs in 2024 due to AI efficiency. However, experts argue that these numbers may not accurately reflect the broader business landscape, as many traditional organizations and small businesses do not embrace technology as larger companies do. They also note that while AI may lead to layoffs, it also allows for the restructuring and redefining of jobs.

The report also highlights the concept of "human-centered AI," which aims to enhance human abilities and collaboration rather than replace people. Asana's State of AI at Work 2023 report found that employees believe 29% of their work tasks could be replaced by AI. However, the more they understand human-centered AI, the more they believe it will positively impact their work. The article also discusses the need for professionals to continuously develop new skills to avoid redundancy in an AI-driven work environment and the responsibility of business leaders to help employees in this endeavor.

Key takeaways:

  • Elon Musk believes that artificial intelligence (AI) will eventually lead to a society where no jobs are needed, but many experts disagree with this view.
  • A recent report found that 37% of business leaders using AI said the technology replaced workers in 2023, and 44% predict layoffs due to AI efficiency in 2024.
  • Asana's State of AI at Work 2023 report found that employees believe 29% of their work tasks could be replaced by AI, but the company advocates for 'human-centered AI' that enhances human abilities and collaboration.
  • While AI may lead to some job losses, it also provides opportunities for workers to move up the value chain and focus on higher-value tasks, and it's important for professionals to continue developing new skills to avoid redundancy.
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