A recent report found that the majority of jobs in the United States, such as truck driving, childcare, and software development, require skills that can be performed or enhanced by generative artificial intelligence (GenAI).
GenAI is a form of AI that is able to produce top-notch material by utilizing the provided data for its training.
According to Cory Stahle, an economist at Indeed.com, the report suggests that AI will likely have an impact on every aspect of every job to some extent.
The findings of the report suggest that approximately 19.7% of jobs, such as IT operations, mathematics, and information design, have the highest likelihood of being impacted by AI. This is due to the fact that at least 80% of the necessary skills for these positions can be adequately performed by GenAI.
However, this does not imply that these positions will eventually be replaced by robots.
According to Michael Chui from the McKinsey Global Institute, it is crucial to understand that these technologies typically do not replace entire occupations. It is uncommon for a robot to completely take over someone’s job by sitting in their seat and performing all of their tasks. Chui specializes in researching the effects of technology and innovation on businesses, the economy, and society.
Researchers at Indeed.com studied over 55 million job postings and discovered that GenAI is capable of fulfilling 50% to nearly 80% of the necessary skills for 45.7% of those jobs. In 34.6% of the listings, GenAI only possesses less than 50% of the required skills.
According to the report, occupations that involve hands-on abilities or human interaction, like nursing and veterinary care, are at a lower risk of being significantly impacted by AI.
Previously, advancements in technology primarily impacted physical work. However, GenAI is projected to heavily influence knowledge workers, individuals who are responsible for producing knowledge or engaging in critical thinking as their occupation.
However, at the present time, it seems unlikely that AI will replace anyone’s job.
According to Stahle, there are only a handful of tasks that AI is capable of performing entirely. While AI may possess the ability to handle numerous skills in certain jobs, there are still certain aspects that remain beyond its capabilities.
Instead of replacing employees, experts anticipate that GenAI will improve the tasks that people already perform, increasing their productivity.
Stahle believes that this will unlock human potential and increase productivity for workers in various sectors of the economy.
Chui explains that there are various possibilities. For instance, we may continue to do more of what we were already doing. For example, if you are a university professor or teacher, instead of grading assignments yourself, you can use a machine to do it. This frees up time for you to actively tutor your students and dedicate more time to enhancing their learning and academic achievement.
According to Chui, in order to stay competitive, American employees must start utilizing the latest technology.
According to him, employees who possess the highest proficiency in utilizing these advancements will have a significant advantage in the job market. This has always been the case, but now more than ever, it is crucial for all of us to constantly learn and adapt.
According to a study conducted by Chui, approximately 80% of employees have used AI tools in their work.
According to Stahle, a significant advantage of generative AI tools is their user-friendly design, making them accessible to anyone. Stahle encourages people to embrace these tools and integrate them into their existing work.
Could one of the potential advantages of AI be the creation of more productive employees who work fewer hours?
Chui suggests that Americans tend to work excessively and proposes the idea of a shortened work week, with four days instead of the typical five. This would allow workers to have more free time.