Tuesday, July 19, 2016

How Much Will Artificial Intelligence Change Job Markets?

It remains difficult to predict just how much artificial intelligence will affect a growing range of jobs. In what might prove to be an optimistic outcome, machine learning, artificial intelligence, and robotic automation will likely mean 16 percent of U.S. jobs will disappear by 2025, some estimate.

However, such technologies will also create new jobs, such as robotic engineers and technicians, data scientists, and content curators, amounting to a nine percent job increase to 2025.

Optimistically, humans will be left with more “person to person” jobs and “higher value” work.

On the other hand, such forecasts might prove, at least in some cases, to be too pessimistic. Many made the same predictions when automated teller machines  were widely adopted in the 1990s.

Since 2000, the number of bank tellers has increased two percent annually, however.

But banks also shed about 25 percent of people in the back office staff.

Forrester Research forecasts a net job loss of seven percent. Office, sales, and administrative support jobs will be "the most rapidly disrupted", says Forrester.

The number of white collar office workers, of which there are 89 million in the U.S., is forecast to decline by 12 percent between now and 2025.

source: Bureau of Labor Statistics

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