Publics fear and AI effects on the Job market.
Michael D.
Production Execution Process Leader at Procter & Gamble driving process excellence and improvement.
As technology continues to advance and become increasingly integrated into our daily lives, the fear of job loss due to automation and artificial intelligence is a growing concern for many workers. According to a CNBC/SurveyMonkey Workplace Happiness survey, 27% of all workers are worried that their current job will be eliminated within the next five years due to technological advancements. However, this fear is most prevalent among younger workers, with 37% of workers aged 18 to 24 expressing concern about technology replacing their jobs. The fear is particularly high in industries such as retail, logistics, automotive, and marketing and advertising where technology has already disrupted traditional job roles.
Despite the fears, many workers remain optimistic about the potential benefits of AI and the opportunities it may create. The survey found that 48% of workers believe that advancing the field of artificial intelligence is important. Moreover, workers are more worried about the biases of humans than those of computer programs, with 60% of respondents stating that human intelligence is a greater threat to humanity than artificial intelligence.
However, income also plays a role in the level of fear workers feel about job loss due to technology, with 34% of workers making $50,000 or less expressing concern compared to 13% of workers making $150,000 or more. Furthermore, workers in industries that have already seen a high level of automation, such as business support, logistics, and advertising and marketing, are proportionally more worried about their jobs being replaced by technology than those in other industries.
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As technology continues to advance, the nature of work is likely to undergo significant changes, and younger workers with many years left in the workforce may envision vast potential changes. While it is true that some jobs may become obsolete due to technological advancements, there are still many areas where human skills and qualities, such as communication, creativity, and empathy, are essential and cannot be easily replaced by AI. Ultimately, the best approach is to remain informed and adaptable, continuously developing skills that will remain relevant in an ever-changing job market. Adapt, adapt and when you're not sure readapt again.