Artificial intelligence is reshaping the labor market
Like any significant development in the world of technology, artificial intelligence, whose recent progress, especially in the generative field, represents the latest qualitative technological leaps, will have tangible economic impacts.
Economic and technological experts are calling on workers who are at risk of job loss to enhance their skills or acquire new ones to adapt to the changing labor market.
Studies suggest that while certain sectors may eliminate jobs, they will also create new jobs within those sectors that require either the same developed skills or different skills that workers need to learn to avoid unemployment. Experts encourage workers to modify their rights and duties or transition to completely new roles to remain employed in jobs that entail different rights and duties.
Generative AI
In June, McKinsey estimated in a report that generative AI would likely automate 60 to 70 percent of workers’ workloads. It has already begun to cause the loss of jobs, the number of which amounted to four thousand jobs in the United States in May alone, according to data collected by the Challenger Gray and Christmas Foundation, and quoted by “Open AI”, which invented “ChatGPT”. 10 percent of the tasks of 80 percent of the American workforce will be affected by large language models (LLMs), that is, artificial intelligence word processing systems.
The Writers Guild of America, especially members working in the Hollywood film industry, has carried out a strike that has been ongoing for weeks to demand that artificial intelligence, especially generative intelligence that produces content, be subject to regulation for fear of its effects on their work, in addition to demanding wage increases and higher returns from content streaming platforms.
According to a study conducted by the Frank Hawkins Keenan Institute for Private Enterprise, jobs held by American women are more likely to be affected by automation, with a rate of 79 percent, compared to 58 percent for male jobs.
There is a part of the cup full. Humans may collaborate with AI to improve their performance, which may increase the number of jobs or create new jobs in areas that require cooperation
But the cup is partly full. Humans may collaborate with AI to improve their performance, which may increase the number of jobs or create new jobs in areas that require such cooperation. Artificial intelligence, especially generative intelligence, requires a lot of human input to improve its performance. Large linguistic models, for example, are trained with human input, which improves their performance.
As humans evaluate
As humans evaluate their outputs, they focus on the outputs that are evaluated positively and neglect those that are evaluated negatively. A paper released in May describes how these models may collapse in the absence of humans.
Thus, jobs may change in quality, not quantity, in the fields of management, programming, customer service, legal services, education, financial services, engineering, and human resources, as humans will still have a role in improving systems operating with artificial intelligence and evaluating their outputs. Administrators, for example, will not be able to let artificial intelligence respond to emails without reviewing the content.
Likewise, programmers will not be able to use software produced by it without evaluating its quality. It will be difficult for schools and universities to rely exclusively on artificial intelligence and get rid of human teachers.
Automation and Efficiency:
Job Transformation:
New Job Opportunities:
Enhanced Decision-Making:
Ethical Considerations:
In the Middle East and North Africa
In our region, the conclusions reached by PricewaterhouseCooper have caught attention. The fourth annual edition of its report, “Middle East Workforce Hopes and Fears Survey,” workers are enthusiastic about adopting artificial intelligence and support plans to reduce carbon emissions, build a sustainable economic future, and diversify economies. Terms of adopting artificial intelligence, survey participants agree that they must improve their skills and learn new ones and set a horizon of five years from now.
“green” skills
According to the report, 52 percent of participants from the region, compared to 36 percent globally, believe that their jobs will change during the next five years, which requires them to work on their current and acquired skills. In terms of “green” skills, 62 percent, compared to 39 percent globally, believe that these skills are essential in shaping their careers in the current decade.
46 percent of participants from the region, compared to 31 percent globally, are optimistic about the ability of artificial intelligence to improve their jobs rather than pessimism that it will eliminate them.
The participants are primarily distributed among Egypt (43 percent), the Kingdom of Saudi Arabia and the State of Qatar (41 percent each), and the United Arab Emirates (39 percent). 39 percent of the total, compared to 30 percent globally, are likely to move to other jobs this year, and the percentage of those born in the nineties of the twentieth century is 37 percent of participants, and those born in the first decade of the twenty-first century are 40 percent, which indicates that optimism about the changes At the forefront of which are artificial intelligence solutions among us, led by a young generation of workers.
Various economic sectors are witnessing remarkable progress with the integration of artificial intelligence into their operations. For example, operating systems supported by this technology in the manufacturing sector play a positive role in production processes, improving efficiency and reducing costs
(ESCWA)
According to the United Nations Economic and Social Commission for Western Asia (ESCWA) report, job requirements in our region may undergo changes instead of jobs being lost due to artificial intelligence solutions.
The report also highlights that between June 2020 and March 2023, there were announcements for 2,555,147 vacancies related to the virtual world job market in the Middle East and North Africa.
The report distributed jobs between 411 jobs that require personal skills and 16,765 jobs that require technical skills in light of what it called the Fourth Industrial Revolution. According to the report, the jobs required include computer science, data analysis, and problem solving, and the sectors most in demand for these advanced jobs were financial, accounting, hotel, and commercial services. ESCWA pointed out that this tangible development in sectors transformed into digitalization, driven by artificial intelligence, promises our region more sustainable and diversified economies.
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Integration between employees and artificial intelligence
Various economic sectors are witnessing remarkable progress with the integration of artificial intelligence into their operations. For example, operating systems supported by this technology in the manufacturing sector play a positive role in production processes, improving efficiency and reducing costs, according to a report by Forbes magazine.
Machine learning algorithms can analyze huge data sets and develop themselves, enabling proactive maintenance, fault detection and improved supply chain management. Clearly, positive impacts in this regard include improved productivity and cost savings, enhanced quality control and defect detection, and increased workplace safety through the collaboration of humans and robots.
The negative effects include the cancellation of a number of jobs, workers’ anxiety about unemployment, excessive reliance on technology, and the potential dangers of failure of automated systems.
In another example, the impact of artificial intelligence in healthcare is enormous, with the potential to transform diagnosis, treatment, and patient care to greater levels, according to Forbes. Machine learning algorithms can analyze huge amounts of medical data, which helps diagnose diseases, predict outcomes, and suggest personalized treatment plans. Artificial intelligence accelerates drug discovery, helping in the development of innovative treatments.
Prominent positive effects
There is no doubt that the most prominent positive effects in this sector are improving accuracy and speed in diagnosis, enhancing treatment planning and personalized medicine, and accelerating drug discovery and medical research.
The negative effects of AI include concerns about privacy and data security, ethical dilemmas regarding decision-making responsibilities between artificial intelligence and healthcare professionals, and potential dangers of biased artificial intelligence algorithms favoring their programmers and their ethnic and/or social backgrounds.
The transportation and logistics sector is experiencing a remarkable transformation thanks to innovations in artificial intelligence. Self-driving cars powered by artificial intelligence algorithms are revolutionizing road safety, reducing congestion and improving fuel consumption
Forbes
In a third example, Forbes points out that the transportation and logistics sector is experiencing a remarkable transformation thanks to innovations in artificial intelligence. Self-driving cars powered by artificial intelligence algorithms are revolutionizing road safety, reducing congestion and improving fuel consumption.
AI-powered route optimization systems streamline logistics operations, resulting in faster delivery times and lower costs. The positive impacts appear to include safer transportation systems with self-driving cars, efficient logistics operations, faster delivery times, and improved sustainability through improved fuel consumption. However, there are negative consequences such as the elimination of jobs for drivers and related professionals, ethical problems related to accident liability and decision-making in self-driving cars, and cybersecurity vulnerabilities in transportation systems.
Thus, artificial intelligence is reshaping economic sectors, their workers and processes, and promises increased productivity, improved outcomes and exciting possibilities. However, it is necessary to treat its effects with caution, taking into account the possibility of eliminating functions and the ethical concerns and biases that may arise. It is necessary to find a balance between technological development and human well-being. Adopting AI with responsible regulation, ethical frameworks and a human-centric approach will unlock its positive potential, leading to a future that enhances human capabilities and guides sectors to new heights.
Conclusion:
I’m Hassan Saeed, a Clinical Psychology graduate deeply engaged in the realms of WordPress, blogging, and technology. I enjoy merging my psychological background with the digital landscape. Let’s connect and explore these exciting intersections!
