The Impact of Artificial Intelligence on US Jobs: How to Prepare for the Changing Future

by time news

2024-03-29 04:32:20

10% of US workers could lose their jobs to artificial intelligence, according to a new economic report prepared for the US government. This report joins other reports that warn that the introduction of AI tools will change the labor market in a way that will cause the disappearance of some jobs, a change in the character of other jobs, and at the same time, also the creation of new positions and professions.

In this reality, when technology develops at a fast pace and when new tools are constantly being developed, what will happen to the remaining 90% of employees, those whose jobs will change, perhaps some of their functions will disappear? How can you prepare for the changing future and what skills should you cultivate in order to remain relevant?

The new report, which was first published on CNN, discussed the effects of AI on the labor market and found that those 10% of workers are engaged in jobs that are ‘highly sensitive’ to the effects of artificial intelligence. The economic advisers also warned that workers with less education and low income are particularly vulnerable. These are workers who perform The tasks are relatively simple, so the risk for them is high. The report also stated that 20% of the employees are in jobs with ‘high exposure’ to AI, so the nature of their job may change completely following the introduction of the new technologies.

The advisers stressed that while artificial intelligence may change the nature of some jobs, that doesn’t necessarily mean those jobs will be eliminated, as they may still require human supervision or other tasks. They also emphasized that while some jobs will disappear, new jobs will also be created. As an example, they gave a child transportation driver. Artificial intelligence may be able to replace the task of driving, but there will still be a need for a person to supervise the transportation, to ensure the safety of the children when entering and exiting the vehicle and during the trip.

The example of a shuttle driver may not sufficiently take into account the meteoric jump with the introduction of Generative AI tools such as GPT chat or Midjourney that make creative professions such as graphic designers, content writers or programmers vulnerable.

To decide if a profession is in danger and which professions and skills are also required in a world of creative artificial intelligence, the report ranked the jobs according to the complexity and difficulty of the tasks that make them up. The more complex the job, the smaller the chance that the person will be replaced by a machine. But this is a somewhat simplistic approach. Another way, which Peter Kahan, the founder of Strategy and Investments, has tried, in order to decide which professions are more ‘protected’ from artificial intelligence, is to give ChatGPT tasks similar to those given to business students and see which tasks it performs well and which less well. His conclusion, In an article published in .Inc is that roles that require managerial decision-making are protected. While GPT chat can provide creative solutions, it cannot yet do calculations or interview customers or employees to make optimal decisions. Artificial intelligence also cannot harness people or To raise the capital required to establish or manage a business. Still.

Preparing for the future cannot be based on competition with the machine because technology is constantly advancing and improving. What GPT Chat doesn’t know how to do today maybe it will know how to do tomorrow and therefore, the game is working alongside and together with the machine. Almost all jobs today require digital skills. “98% of jobs already today require at least one digital skill. Therefore, I think one of the most important skills for employees today is working with AI. There is a quote I like, which has received all kinds of different configurations over the past few years: ‘Artificial intelligence will not replace doctors. Doctors who use intelligence Artificial intelligence will be replaced by doctors who do not use artificial intelligence.’ If you look at 1948 compared to 2018, during 70 years, 60% of the professions did not exist and were created with the advancement of technology,” says Dr. Tomer Simon, the chief scientist of Microsoft Israel Research and Development.

1 Viewing the gallery

Dr. Tomer Simon is Microsoft’s chief scientist

(Photo: Reuven Kopichinsky)

The ability to use AI tools at work should streamline work and lead to better outputs. One example of this is that 28% of employees’ time is spent searching for information or searching for who knows the information, “This means that almost two days a week we are not working. If I can now with AI to help me find the information, my work will be more productive. We see From about 1993, when the use of the Internet began, this promise of the digital to improve productivity was indeed a decade when there really was a jump in productivity. But then in 2022, we saw three quarters in a row in which there was a decrease in productivity – both working more and producing less. There are many, many reasons for this, one of which is “It is that we may have reached the peak of the use of digital technologies. In 2023 and 2024 we see a jump in the productivity of employees, for the first time in history we see a double-digit jump and this is due to the introduction of the new AI tools that make it possible to do much more with the employees,” he says.

For example, at the gaming company Murka Games, they managed to improve productivity by 44% by working with AI tools. “With the setting of the goals for the new year, we declared the year 2023 as the year of AI in the company and began to implement the work with AI tools in the creative, UA, product and other departments.

In the creative department – on February 23 we started the initial tests with the teams, to understand what can be produced and how. In April it was already running smoothly: we used chatGPT to create concepts, Midgerani or Stable Diffusion to create characters, D-ID for lipsync, Voicemaker to create voices at the same time as trying other tools.

In comparison to the amount of videos we created in the first quarter – in the second quarter we saw a 44% increase in output that continued until the end of the year. Not only was the increase in the amount significant, but also greater possibilities were opened to create more complex videos that we could not produce before, therefore the performance is also better in terms of the response of the users”, says Gadi Shoshani, VP Marketing at the company.

According to Microsoft’s Work Trend Index report, 62% of workers say they spend too much time searching for information during their workday and 70% would delegate as much work as possible to AI to reduce the burden. The people in sales, customer service, Finance and more are simply drowning in data. They estimate they spend more than a quarter of their workday searching for information and say only half of the information they consume each day is necessary for their work, according to the report.

“Thanks to the power of AI tools today, everyone can be a data analyst, in a natural language to understand the data and ask the questions without knowing the formulas or having to write them. I think this frees and empowers far more employees than we had the ability before,” says Simon .

Besides using AI to search for information and analyze data, practically every employee today needs to map the existing tools and how they can influence and optimize their work. The advantage of language models is that they can be used to work with natural language. “I think you don’t need to take a course or learn prompt engineering in order to use the generative AI tool, you just need to use it and I think it can reduce digital gaps. Everyone with internet access has access to this technology and the very important democratization that is happening here is accessibility of AI not only for data scientists or engineers but for everyone. You can start developing a computer game for children using chatGPT even without knowing how to write a single line of code. You can take reports from economists who analyze the labor market and put them in a prompt and ask them to explain in simple language what the report means about Differences between women and men. It makes information that we couldn’t understand accessible and I think it’s very empowering,” says Simon.

In a world where people are measured by skills and changes are happening at the fastest pace in history, perhaps the most important thing is adaptability and flexibility. The ability to learn new skills, to adapt ourselves to the changing reality and saturated powerful and shocking events such as far-reaching technological developments and also – wars or epidemics.

In light of the frequent changes, the World Economic Forum identified, in a report on the future of the world of work published in May 2023, the skills that will be most required in the next five years. Out of those skills, these are the top ten skills that can be acquired or perfected in order to remain relevant in the ever-competitive labor market. Familiarity with and use of AI tools are part of Sections 5 and 6:

1. Critical thinking – the ability to understand and analyze complex problems.

2. Creative thinking – creating original and innovative ideas.

3. Flexibility and resilience – the ability to adapt to changes quickly and efficiently.

4. Self-awareness and motivation – understanding your own feelings and motives.

5. Curiosity and continuous learning – passion to learn new things during life and career.

6. Technological literacy – recognition and use of new technologies.

7. Attention to details and trust – to be precise and reliable at work.

8. Empathy and active listening – understanding and acknowledging the other’s point of view.

9. Leadership and social influence – leading and influencing others effectively.

10. Quality control – verification that products or services meet certain standards.

The answer then to the question of what will happen to the rest of the workers, those whose jobs will not disappear, is that they will have to learn to use AI in their work. To optimize processes, improve products and outputs as well as improve ‘soft’ and human abilities. Microsoft offers a series of free courses together with LinkedIn for training to work with AI tools, and you can start with them, they will be open for free until April 5, 2024, but Simon says that you can just experiment. “It’s good to start with a task you like or even a task you don’t like to try and experience for a moment the friction with GPT or Co-Pilot in performing this task. I know there are many employers in Israel who train their employees to use these models. Part of the democratization is that you don’t need a bachelor’s degree or even to do 3 or 14 to use these tools. You just have to sit for an hour with such a model and you can get a lot out of it,” says Simon.

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