Impaction of Artificial Intelligence on the Labor Market

Abstract

This paper examines the impacts of Artificial Intelligence (AI) on the labor market, specifically highlighting job displacement and the consequential effects of AI technologies. It analyzes the decline in job opportunities due to the emergence of automated technologies and the challenges faced by workers as a result. With AI becoming increasingly adept at basic programming and analysis, some tasks such as bank teller, drawer, factory worker, and cashier are no longer suitable for humans due to the relatively high efficiency of AI. People should take roles that require emotional support, creativity, and uniquely human capabilities. These roles will show intuition, wisdom, empathy, creativity, and social sensitivity. The paper underscores the development of artificial intelligence and emphasizes the importance of cultivating creative skills that can be utilized with AI rather than competing against it and talks about the impact on the students prospects which leads them to make different choices on their future.