Contrary to Common Belief, Artificial Intelligence Will Not Put You Out of Work

Nov 5, 2023 ·

Contrary to common belief, artificial intelligence (AI) is not likely to put you out of work. Despite the popular narrative that AI will lead to widespread job losses, a new study from INFORMS has found that it is more likely to create jobs than to replace them. The research, which surveyed leaders at AI-related firms, found that most companies are looking to augment their workforce with AI rather than replace them.

The research also revealed that AI's potential to improve productivity and customer experience has led to increased demand for AI-related job roles across many sectors – such as healthcare, finance, retail, and marketing. These roles often require a combination of specialized skills and technical knowledge that current employees may lack.

At the same time, the rapid adoption of AI has raised concerns about how it might affect job security. In response to this, many companies are taking steps to ensure that their workforce remains resilient in the face of technological change. This includes investing in upskilling initiatives, using AI solutions to automate mundane tasks, and enhancing employee benefits.

Finally, the research highlighted the need for governments to set clear guidelines on how AI can be safely deployed. This will help ensure that workers remain protected while allowing businesses to benefit from the advantages of AI.

In summary, contrary to the popular narrative, AI is more likely to create jobs than to replace them. At the same time, companies must take steps to ensure that their workforce remains resilient in the face of technological change. Governments should also set clear guidelines on how AI can be safely deployed. Doing so will help to ensure that workers remain protected while allowing businesses to benefit from the advantages of AI.