Many jobs will not look like today’s work if they exist at all. All that happens before our very eyes. Artificial Intelligence, specially developed in recent years, makes a transformation that entails fundamental changes in the labor market. That will happen in the not-so-distant future because AI is getting better day by day. It already reaches for “human” work.
What we might be facing
In 2017 McKinsey carried out the research. It analyzed the future of the labor market, indicating that by 2030, AI will displace even 800 million people from the labor market – on the assumption of fast automation. At the same time, the future economy will create new jobs, but among people displaced from the market, even 375 million of them will have to gain new skills and change the industry in which they currently work.
Changes that happen today are already called the Fourth Industrial Revolution. This time the technology transforms the order, get in every possible field of economy and life. Although changes are not visible sometimes, they have a tremendous impact on the environment. Growth of the AI has an especially enormous impact on that. Today it is still the beginning of the journey – it is narrow AI. It means that Artificial Intelligence is managing perfectly well with repeatable tasks. It can learn from vast amounts of data that are not possible for humans to process and provides answers based on it. The more data, the better (and more accurate) are the results. The next step of the AI advancement will be general AI. It will mimic human thinking and understanding of the surrounding world. However, the longer one works on the narrow AI, the more complicated it turns out to move to the general form.
Although one is developing still narrow AI, even in this case it replaces humans at their work. It can perform all repeatable tasks faster and more precisely, it analyzes data and draws conclusions much better than a human. The level of the current technology lets making use of that achievement to greater automation, but not only in manufacturing(as it has been happening for the past several decades)- also in fields that require repeatable cognitive abilities. Today already Artificial Intelligence is better than humans in recognizing speech and images. It turns out that it threatens all jobs based on such activities.
According to OECD, among the most endangered by automation groups are low-income jobs. However, those that are in the middle and further up on the income median are not safe at all. They also can be, and already are replaced. It happens not only in cases of administrative jobs but also lawyers or financial traders. Those changes are so extensive that estimates show that some jobs will disappear completely. For example, there is a 95 percent chance that an accountant as a profession will vanish.
Today already we know that AI will transform all jobs. Some of them will change beyond recognition, and, as research shows, employees will have to acquire completely new skills to find their way on the labor market.