More

    Generative AI And The Future Of Jobs

    Published on:

    We often hear that generative AI will impact many of the jobs people do today. But not all of them are affected equally. We are increasingly seeing certain professions change more than others. A recent study conducted by Hiring Lab, Indeed's economic research team, found that some of the most commonly listed jobs, including nurses, caregivers, and chefs, were among the 35% of least affected jobs. It turns out that However, if your job is something that can be done remotely or involves software development, you're much more likely to use AI to enhance your job. Or, in the worst case scenario, you may have to cut staff.

    So what does this mean for the future of work? Meanwhile, people in the 20% of jobs likely to be transformed by generative AI are in a privileged position. The ability to bring generative AI into your workflows makes them even more efficient, productive, and valuable.

    On the other hand, many of these roles, including doctors, lawyers, and software engineers, command high salaries, which could be seen as contributing to increased inequality in society.

    Job descriptions are usually presented as a selection of required skills. This was used as a starting point to begin analyzing the potential impact of generative AI across employee roles.

    The aim was to answer questions that are on everyone's mind, but are not unique to this latest wave of technological disruption.

    Indeed CEO Chris Hyams told me: “Frankly, the question of whether technology helps or hurts jobs is a very old one. It goes back hundreds of years, to when the Luddites first destroyed the loom in Britain. .Jobs were disappearing.”

    It is easier to assess the impact of generative AI on individual skills than on the job as a whole. For certain skills, like driving a car, construction skills, or veterinary skills, it's completely useless. Other skills such as accounting skills, legal work, and software development work wonders.

    However, categorizing it this way increases the likelihood that nearly every job will be affected in some way. Almost every job involves some level of skill that can be enhanced with generative AI.

    Educators, researchers, project managers, medical professionals, content creators, and administrative staff also use these skills.

    “We think AI will transform almost every job and the way we do it. It won't necessarily eliminate those jobs, but it will transform them,” Hyams said.

    new job

    In addition to changing existing jobs, new jobs are also likely to emerge that allow businesses and governments to benefit from the emergence of generative AI, preferably in a safe and ethical manner!

    Andrew NG, an AI scholar and co-founder of Google Brain, was one of the first to offer a balanced assessment of how this might happen.

    He believes that changing the way existing jobs are done will also lead to the creation of many new jobs. And this is starting to happen, with openings appearing for positions such as engineers and AI auditors.

    However, it is widely recognized by Ng and others that it may also lead to job losses. Again, this greatly impacts the role in which many of the skills can be enhanced or automated. However, it appears that a disproportionate impact may extend to jobs that pay lower salaries. This may include customer service advisors, translators, assistants, and back-office administrative staff.

    evolution of skills

    I think this is more an indication that your skills are evolving than that you need to develop new skills (or change professions entirely).

    Remember when pocket calculators were invented in the '20s?th At the turn of the century, many believed that this would lead to a decline in the ability to do basic mathematics. What actually happened was that many people, especially elementary school students, were able to solve more complex math problems faster.

    But beyond just improving your technical skills, delegating mundane work elements like scheduling and report generation to machines means you have more time to focus on the human side of your job. .

    For lawyers and doctors, this means more time with patients and less time reading medical records and reports. A teacher can spend less time grading papers and more time with her one-on-one time with students. Real estate agents use generative AI to create property listings and sales reports, with a focus on understanding the unique needs of buyers.

    It is also important to point out that employers have a responsibility to support this evolution. It also benefits employees, who can benefit from self-development. But it also benefits businesses that grow thanks to the efficiency and innovation advances that come with implementing generative AI.

    ethical implications

    As with any discussion of the impact of AI, there are ethical considerations that cannot be ignored.

    The changing nature of work, the income gap between scalable and non-scalable roles, and the inherent need for human-centered services in many professions all need to be addressed.

    Cooks, cleaners, and workers will have fewer opportunities to use generative AI to increase their value, but financial analysts, lawyers, and software engineers will have significant opportunities.

    This has the potential to exacerbate existing inequalities, which can only be addressed by a continued focus on improving opportunities. This means ensuring that people have the opportunity to move into positions of benefit, regardless of the economic, social, class, racial, or gender groupings that have traditionally created barriers.

    It is also important to ensure that aspects of human behavior that are important for everyday well-being are not magnified outside of society. For example, a physician's ability to reduce anxiety through bedside behavior is an important part of the healing process. This can be lost when elements of seemingly mundane tasks are delegated to her AI, such as communicating non-urgent updates on a patient's recovery status.

    What is becoming clear is that the impact of generative AI on work will only continue to grow. Over the next year or two, we will begin to get a better sense of how this will impact our lives and society. These important issues.

    The most important thing right now from an individual perspective is to understand how our own roles, or the roles we expect to play in the future, can benefit from this major transformational opportunity.

    Related

    Leave a Reply

    Please enter your comment!
    Please enter your name here