How Will Artificial Intelligence Affect Jobs 2024-2030

 

You would have been living under a rock if you did not know how artificial intelligence is set to affect jobs in 2024-2030. AI like ChatGPT seems to be stealing all of the headlines at the moment, Google unveiled new AI software to build presentations, analyze and enter data, and write content, and there are so many more AI tools like Gamma and Numerous AI.

Those that are resisting, rather than riding the crest of the wave will not be making hey whilst the sun shines when it comes to landing in-demand jobs in the next 6 years and enjoying job growth. AI will be taking some jobs, but it will be creating new ones! 

How will AI affect jobs and the economy?

McKinsey global institute says that at the global average level of adoption and absorption and advances in ai implied by their simulation, AI has the profound impact to deliver additional global economic activity of around $13 trillion in the foreseeable future and by 2030, or about 16% higher cumulative GDP compared with today. This amounts to 1.2% additional GDP growth per year. If delivered, this impact would compare well with that of other general-purpose technologies through history. This will mainly come from substitution of labor by automation and increased innovation in products and services.

The same report went on to say that By 2030, the average simulation shows that some 70% of companies will have embraced the ai revolution and adopted at  least one type of AI technology but that less than half will have fully absorbed the five categories. Forbes say ai has the potential to be among the most disruptive technologies across global economies that we will ever develop.

Compiled by - Aayush Dumka Data Scientist