Will Artificial Intelligence Increase Unemployment in the Future

Artificial intelligence (AI) has recently been criticised as a threat to employment. It has stepped into every industry and rapidly growing, replacing the number of workers, which means the unemployment rate is gradually rising with each passing day. Though it has encouraged automation to save your time and efforts on repetitive tasks, it has posed a threat to the employment rate. Many people are being resistant to embracing AI because of this reason.

However, if you look into the overall picture, you will find that it has generated more employment opportunities than throwing people away. People fear that more tasks will fall into automation and therefore, job industries will fade away. From manufacturing to agriculture, retail, transportation, logistics, all industries will likely be automated. People fear that the economy will suffer from the recession due to automation.

In a 2018 report, an expert speculated that AI would create over 50 million jobs by the end of 2022, which is exceptionally high. Creating such massive jobs has never been possible. However, the report also stated that it would eliminate some of the tasks and roles, and many of the new posts would require you to have specialised training. It further noted that many such jobs would not follow the traditional full-time employment model. More employers would be able to rely on a remote workforce.

Jobs at risk due to AI

AI is likely to eliminate jobs that sound monotonous and repetitive. It is gradually making such roles obsolete. Such tasks and functions include call centre operations, content moderation, customer support, document verification, and the like. Similarly, production lines and factories will replace humans with robots who are more efficient to navigate the space, find and move objects safely. They can even perform complex operations more quickly.

The most common sectors that will face human replacement with automation down the road are transportation, electronic commerce, and financial services. Autonomous cars have proved that AI will be no longer demand drivers. Soon there will be self-driving trucks and taxis. AI-driven cars have caused harms many times, but companies are figuring out the better and enhanced model.
Fulfilment centres will also be automated as robots will be navigating to collect products, execute customer orders, carry products from one place to another. Apart from handling fulfilment centres, the use of drones will also rise to deliver ordered products at customers’ doorstep. This automation will undoubtedly shrink in the network of physical stores and the number of vacancies of sales executives.

This is one side of AI that throws light on how automation is going to affect the number of vacancies down the line, but the other side of AI is bright. It is going to generate more job opportunities though people need to hone their skills to be able to perform their tasks effectively.

AI will require upskilling staff

The AI-dominated sector will replace low-skill labour jobs. It will need people for jobs with high skills because it will perform repetitive tasks. Most of the jobs created by AI-dominated sector will require people to train themselves. They are going to be highly demanding jobs.

Experts are not able to accurately envision how AI will revolutionise the entire job market. There is a possibility of having jobs that do not exist now in the next coming years. The technical sector will grow as rapidly as anything. This sector will abound with new posts. However, other factors will also introduce new jobs because social work will combine with technology.

There is no doubt that AI has replaced many jobs, but it is helping you to boost productivity. There are no chances of making mistakes, and you can analyse data to make decisions to grow your profits. AI is introducing a new opportunity for employers to create new jobs. The chances of success and higher growth will be tremendous in coming years because AI can perform even those tasks that humans find difficult and too much time-consuming.

AI will change the way of finding jobs

In addition to creating new job opportunities, AI can also help people find jobs in a new way. The current process of finding jobs is cumbersome. It includes preparing resumes, cover letters, shortlisting, and scheduling interviews. It takes a lot of time. Most of the people stay unemployed for a month or two before landing a new job. This forced them to rely on loans for unemployed with bad credit to meet their expenses, but AI technology will simplify the process. Further, AI can help the hiring of candidates without any biases.

The bottom line

Undoubtedly, AI has reshaped the way we live our lives, and this is not going to stop here. It is easy to interpret that it is posing a threat to several vacancies, but on the other hand, it is creating many opportunities.

Description: Though AI will eliminate jobs that require repetitive tasks, it will also generate tremendous job opportunities.