AI adoption linked to increase in employment globally
Employment increases when firms adopt AI, with more people recruited to senior roles at the expense of junior roles, according to a study from King's College London and Stanford University in the U.S.
A recent study from King's College London and Stanford University suggests that the adoption of AI is linked to an increase in global employment. The research, which analyzed job advertisements and employee positions across 41 countries from 2016 to 2021, found that firms that adopt AI see a 3.3% increase in overall staffing levels.
Specifically, senior employment rises by 6.7%, while junior employment declines by 2.5%. This shift towards senior roles is attributed to the increased use of generative AI in job descriptions, where applicants are required to utilize AI tools in their roles. The study's authors emphasize that while AI adoption doesn't fully resolve the question of which occupations will be replaced or complemented, it does provide insight into how firms are restructuring their workforce after integrating generative AI.
Despite the uncertainty around job displacement, the research indicates a global trend of firms employing fewer junior workers and more senior employees following AI adoption, challenging previous country-specific studies and highlighting the comprehensive impact of AI on labor markets worldwide.
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