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What Artificial Intelligence Means for the Job Market

AI may take jobs from other professionals, but how else does it impact the job market?

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The future is here. Even just a generation ago, the concept of a handheld device able to talk back to you was a fantasy, but it’s now something that even toddlers are used to. Besides all the fanfare, there are some very real-world changes AIs are making, especially in the job market. While they offer us new opportunities for innovation, they take away some of our most grounded and trusted security nets.Is artificial intelligence a step in the right direction, or the beginning of a dystopia? Here are the pros and cons of AI's influence on the job market:

Pros:

1. New Jobs

While AIs take away some jobs, as we’ve all heard, they also create them in the process. With the creation of the self-driving car, the need for taxi drivers will decrease; however, the need for those who can design such cars, gather data on their effectiveness, and create interactive systems to customize the user’s experience are suddenly in demand. While the skill set for these positions are higher and more difficult, it’s motivating many to seek further education, which inherently employs teachers to instruct, engineers to build universities, and a host of other professions meant to cater to this need, from skilled programmers to new converged infrastructure vendors. For every advantage an AI offers, dozens of jobs open up to create, maintain, and enjoy this advantage.

2. Access to Faster Results

No matter where you look, be it asking your smartphone to transcribe a dictated text in an instant or cloud computing allowing businesses to move online, artificial intelligence is making everything we do faster and easier. With this added advantage, the existing jobs which take advantage of AIs are able to produce faster results. These faster results allow us to springboard farther ahead than we could in the past, increasing both innovation and competition on the job market, resulting in money and goods for all.

3. Access to Unforeseen Information

Humanity has always made its greatest leaps by building on the shoulders of our past inventions. Our old discoveries create a path to new ones, and this is seen clearly with the invention of desktop computers giving birth to laptops giving birth to tablets and smartphones. Now we have smart jackets, smart trash cans, and more. In the same way, discoveries made with the creation of Siri and Cortana have allowed the layman and the scientist to make greater leaps to new information, sparking innovation. This will give birth to jobs we haven’t even discovered yet, and improve the ones which already exist.

Cons:

1. The Elimination of Labor

The involvement of AIs in the job market has already seen that labor jobs are becoming almost insignificant. Be it miners or even taxi drivers, AIs are quickly pushing the human involvement out of our everyday lives. Automated machines able to construct cars faster and more efficiently than a person eliminate the worker. This of course will create a huge imbalance in the job market, where the professionals of these fields find themselves quickly with nothing to do.

2. Imbalanced Job Field

Not everyone is suited to become a data analyst or an engineer. While there will be many who make the shift, there will still be several who are unfit for the task and will find themselves without work because the jobs they’re geared towards simply don’t exist anymore.

3. Imbalanced Economy

With more skilled labor out of work, quickly the economy will tip in the favor of those who can adapt, leaving the rest out in the cold. The person with the opportunity and the intellect to become a software designer will experience success, and those who lack both opportunity or the style of intellect for such a job will be struggling to make ends meet, quite possibly throwing the economy into limbo.Despite either argument, each can agree on one thing: AIs will change the job market. While there will be disadvantages, just as there were during the Industrial Revolution, the advantages will transform the job market and set us on a different, better course. There were disadvantages to the Industrial Revolution, but no one can deny that it was the best thing to happen for the future, and the same will be said about this revolution as well.

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Topics:
artificial intelligence

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