Вештачка интелигенција

The Impact of Artificial Intelligence on the Job Market

Summary

According to research conducted by the European Central Bank, the rapid implementation of artificial intelligence (AI) may lead to a decrease in wages but is currently generating job opportunities, especially for young and highly skilled individuals. Companies have invested significant […]

The Impact of Artificial Intelligence on the Job Market

According to research conducted by the European Central Bank, the rapid implementation of artificial intelligence (AI) may lead to a decrease in wages but is currently generating job opportunities, especially for young and highly skilled individuals. Companies have invested significant resources in the development of AI, but economists are still trying to understand its implications on the labor market, leading to fears among the general public about the future of their jobs. At the same time, employers are grappling with a shortage of qualified workforce, despite a recession that would typically alleviate pressure on the labor market.

The European Central Bank’s research has shown that the share of employment in AI-exposed sectors is increasing in 16 European countries, with low and medium-skilled jobs mostly unaffected, while providing the greatest support to highly skilled workers. However, the research also suggests “neutral to slightly negative effects” on wages and suggests that these effects may intensify. These findings contrast with previous “waves of technology,” where computerization reduced the employment share of medium-skilled workers, resulting in “polarization.”

These results do not absolve AI of responsibility. On the contrary, the development and adoption of technologies utilizing AI continue. The majority of their impact on employment, wages, growth, and equality are yet to be seen.

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