Artificial Intelligence and Employment: A Balanced Perspective

With the development of artificial intelligence, one of the main questions in business continues to relate to employment. Despite rapid technological advancement often being accompanied by fears of job losses, some analysts believe that the reaction is frequently exaggerated and that current changes are more linked to the transformation of work processes than to large-scale reductions in employment.

According to a new report from investment company Bernstein, technological changes have historically led more to labor redistribution than to shrinkage in the job market. The study's authors note that artificial intelligence is primarily used as a tool for productivity growth and changes the way companies operate.

According to McKinsey & Company's forecast, by 2030, approximately 30 percent of working hours in Europe and the United States will be automated. However, analysts suggest that this process will not have a direct negative impact on overall employment and will instead increase demand for positions where technology complements human capabilities.

According to Adecco, only a small portion of corporate downsizing was directly related to artificial intelligence implementation. Research also shows that increases in labor productivity are often linked to growth in overall employment figures.

At the same time, the impact of automation is not uniform across all sectors. The largest changes are already being felt in data processing and customer service, where technology simplifies standard tasks. Sectors that depend more on physical labor and practical work processes are changing comparatively less.

Source: Investing.com