The Impact of AI and Machine Learning on Job Displacement and Employment Opportunities

Tiwari, Rudra

doi:10.55041/ijsrem17506

Cited by 10 publications

(7 citation statements)

References 3 publications

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“…The advent of Artificial intelligence and machine-to-machine learning is changing market dynamics, making companies use the mediums to cull the competition and zero in on maximum profits (Patrawala, 2019). At the same time, the integration of artificial intelligence (AI) and machine learning (ML) in various industries has been increasing rapidly in recent years (Tiwari, 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Artificial intelligence, or machine learning, refers to algorithms that learn to complete tasks by identifying statistical patterns in data, rather than following instructions provided by humans (Webb, 2020). as AI and machine learning technologies continue to advance, they are also expected to automate tasks that were previously thought to be the domain of highly skilled workers (Tiwari, 2023). While there may be enough work to maintain full employment to 2030 under most scenarios, the transitions will be very challenging-matching or even exceeding the scale of shifts out of agriculture and manufacturing we have seen in the past (Mckinsey, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

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The Impact of Artificial Intelligence on Job Loss: Risks for Governments

Soueidan,

Shoghari

2024

TSSJ

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The rapid advancement of Artificial Intelligence (AI) technologies presents both opportunities and challenges for labor markets globally. By adopting a qualitative methodology, this study analyses the impact of AI integration in jobs on the labor market and the subsequent policy responses by governments. The study specifies the industries and jobs that are highly susceptible to AI-driven automation, particularly those characterized by routine and repetitive tasks. The study also acknowledges the potential for AI to create new job categories. Key findings suggest that while AI poses a significant risk of job displacement in several sectors, it also offers opportunities for economic growth, opening of new jobs and innovation. Moreover, the study highlights various government strategies employed globally, including up-skilling and re-skilling initiatives, strengthening social protection systems, and fostering AI-human collaboration. These strategies aim to mitigate the adverse impacts of AI on employment and ensure a balanced transition to AI-integrated economies. Based on these strategies, the paper suggests some recommendations for governments to address AI-driven job losses, emphasizing the importance of multidisciplinary education, ethical AI use, inclusive growth strategies, and international cooperation.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Artificial Intelligence on Job Loss: Risks for Governments

Soueidan,

Shoghari

2024

TSSJ

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“…Furthermore, the integration of AI and machine learning may reshape the very nature of work, making jobs more intricate and requiring higher-level skills. This transformation could lead to a shift in the available job market and potentially alter the way we live, work, and interact with one another [3].…”

Section: Impacts Of Ai Adoption On the Labor Marketmentioning

confidence: 99%

“…It emphasizes the need to comprehensively understand these implications and consider policy measures that can mitigate the adverse effects of job displacement while maximizing the potential benefits of these technologies. AI and machine learning can indeed generate new employment opportunities through increased productivity and the emergence of new industries, but their impact on the job market is influenced by the pace of technological advancement, the adaptability of the workforce to these innovations, and the specific industries and occupations affected [3].…”

Section: Impacts Of Ai Adoption On the Labor Marketmentioning

confidence: 99%

“…As these technologies continue to progress, there is an anticipation that they will automate numerous tasks currently carried out by human workers. This has raised concerns about the potential for job displacement and the adverse effects on employment prospects [3]. Artificial Intelligence (AI) represents a rapidly advancing technological frontier that has the potential to profoundly reshape the landscape of employment in the United States [4,5].…”

Section: Introductionmentioning

confidence: 99%

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The Impact of AI on US Labor Markets

O. Austine,

C. Stanley,

T. Osariemen

et al. 2024

Artificial Intelligence and Big Data

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This research explores the consequences of AI integration in the labor market. As AI shapes various industries, it brings a dual impact: displacing some jobs while creating others. The automation driven by AI could be a threat to routine tasks, potentially leading to the displacement of specific roles within the routine tasks. However, AI also creates new job opportunities, particularly in AI development and related fields. This study aims to analyze the multifaceted impact of AI on US jobs, considering displacement, creation, and skills. The research considered the following aspects: Evaluation of job displacement and creation, skill shifts, the quality of AI’s impact on performance, and exploring the relationship between AI models and human tasks. We were able to show AI's influence on the tasks performed by humans. The negative relationship between AI influence and tasks performed by humans shows that AI indeed has a notable and statistically significant adverse impact on human-performed tasks. We discovered that as AI technology advances and becomes more prevalent, certain tasks and roles traditionally carried out by humans are being automated or replaced by machines. Also, we were able to show the relationship between the AI model and human-performed tasks. It was found that AI models exhibit a substantial and statistically significant positive relationship with tasks performed by humans. Our findings suggest a more optimistic outlook for the labor market, where rather than displacing jobs and workers, AI technologies have the potential to enhance their capabilities and create new opportunities.

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Manifesto in Defence of Human-Centred Education in the Age of Artificial Intelligence

Romero,

Frosig,

Taylor-Beswick

et al. 2024

Palgrave Studies in Creativity and Culture

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This manifesto advocates for the thoughtful integration of AI in education, emphasising a human-centred approach amid the rapid evolution of artificial intelligence (AI). The chapter explores the transformative potential of large language models (LLM) and generative AI (GenAI) in education, addressing both opportunities and concerns. While AI accelerates change in education, adapting to students’ diverse learning needs, it also poses challenges to traditional assessment paradigms. The manifesto stresses the importance of empowering teachers and students as decision-makers, highlighting the need for a balanced approach to AI integration. It emphasises human-centricity in AI use, promoting ethical considerations, responsible practices, and regulations. The right to choose and co-create is underscored, giving autonomy to educators and learners in selecting technologies aligned with their philosophies. Additionally, the manifesto introduces the concept of hybrid intelligence (HI), advocating collaboration between human and machine intelligence to enhance educational experiences. The manifesto encourages creative uses of AI in education, envisioning a harmonious partnership where AI and humans co-create transformative knowledge.

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The Impact of AI and Machine Learning on Job Displacement and Employment Opportunities

Cited by 10 publications

References 3 publications

The Impact of Artificial Intelligence on Job Loss: Risks for Governments

The Impact of Artificial Intelligence on Job Loss: Risks for Governments

The Impact of AI on US Labor Markets

Manifesto in Defence of Human-Centred Education in the Age of Artificial Intelligence

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