'The Jobs Apocalypse Is Postponed. An AI Jobs Boom Is Here'
A new article about AI in The Economist argues that "Initial effects of the technology on employment look positive." Perhaps AI will eventually make many humans unemployable — but there is no sign of it yet. On September 4th the Bureau of Labour Statistics reported that the American economy added 162,000 jobs in August, far above expectations. The unemployment rate is just 4.1%, lower than in…
The economy's recent hiring surge appears to be a result of the artificial intelligence (AI) boom rather than its depredations. Despite AI-related job cuts at some companies, the technology sector is also creating a multitude of new positions. In fact, some estimates suggest that AI has created over a million jobs in America so far, surpassing the roughly 200,000 lay-offs attributed to AI since mid-2023.
This trend is particularly evident in data-center construction and infrastructure, which have seen a massive influx of employment as the world invests heavily in AI infrastructure. The need for workers to build, maintain, and operate these AI systems has led to a significant increase in job postings, with some roles barely existing a few years ago now becoming commonplace.
Additionally, AI is enhancing the productivity of existing workers, leading to increased demand for their services and the creation of new AI-related roles. While not all jobs created by AI can be directly attributed to the technology, the overall impact seems to be a net job creator, with a significant portion of these positions being AI-specific.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- The jobs apocalypse is postponed. An AI jobs boom is here hindustantimes.com
