Uploaded by Anish Pagare

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Topic: Employment
Does AI create unemployment?
Introduction
I selected this topic because I want to explore the impact of AI on employment.
AI is taking over many jobs, leading to unemployment, but it is also creating
new job options. Most people wonder whether AI is causing unemployment or
if it is actually beneficial. The field of computer science, known as artificial
intelligence (AI), is mainly focused on developing machines and software that
can operate autonomously. The integration of AI in the workplace is predicted
to change the way we work by automating tasks. The introduction of AI is set
to bring significant changes to current industries risking employees' jobs by
replacing them. (1)
Causes of unemployment
AI is likely to displace some jobs: Artificial Intelligence (AI) technology has
changed the way industries like production, shipping, and retail work. It does
jobs that people used to do, which means some people might lose their jobs.
So, it's up to companies to help their workers learn new skills and get
knowledge about what's changing in the job market.
AI will increase production: Artificial intelligence (AI) is an advanced
technology that allows machines to perform complicated tasks without human
intervention. This capacity to automate tasks and processes can notably
increase productivity and drive growth. Through the use of AI, businesses and
organizations can simplify their operations, minimize errors, and enhance the
overall quality of work. AI is a groundbreaking opportunity that could transform
the way we work and live. AI applications are varied and powerful, offering
unparalleled opportunities for innovation and progress, from predictive
analytics to natural language processing. (2)
Consequences of unemployment
Sector-Specific Influences: As technology becomes more important in our
lives, robots and other AI tools will become more important in workplaces.
Some industries that use a lot of automation, like engineering and electronics,
will change a lot because of this. Companies will start using robots more
because they can work better and faster than people. This means companies
might replace some human workers with robots. Because of this, the job
market will change a lot, and the types of jobs that people need will change
too. (3)
Wealth disparity: Artificial intelligence has got people worried about how it
could impact social and economic inequalities, especially in terms of jobs.
Some experts say that the fear of AI causing mass unemployment may not be
as serious as we think, but others say that it could make existing disparities
even worse. To avoid negative outcomes, it's super important that when we
develop and use AI, we think about fairness, safety, and equity. That means
we need to make sure we use AI in a way that's responsible and clear, and
that everyone gets a fair share of the benefits. (4)
National Perspective
At RAISE 2020 (Responsible AI for Social Empowerment 2020), the Prime
Minister of India, Mr. Narendra Modi stated that “Artificial intelligence is a
tribute to human intellectual power. The power to think enabled humans to
make tools and technologies. Today, these tools and technologies have also
acquired the power to learn and think! In this, one key emerging technology is
AI. The teamwork of AI with humans can do wonders for our planet.” (5)
Global Perspective
The Civil Liberties Union for Europe, a non-governmental organization in Berlin
states that “With growing fears that automation and AI will change the way we
work and force people into unemployment, questions about which jobs will be
replaced by machines in the future are being raised. Some experts point out
potential shifts in occupations are imminent by 2030, estimating that between
75 million to 375 million workers (3 to 14 percent of the global workforce) will
need to switch jobs. In short: it's hard to say how many jobs will be lost.” (6)
Course of Action
Promoting AI-Human Collaboration for Enhanced Productivity: To prevent
artificial intelligence from eliminating or substituting human employees due to
its exceptional efficiency and precision, employees must be trained to
collaborate with AI and increase their productivity and efficiency. Employees
who know how to work with AI systems may use technology to their
advantage, optimize their work processes, and get the best outcomes.
Source Evaluation:
1. Forbes is an American Business magazine that publishes articles on
various topics including AI and Technology. It contains reliable information
but sometimes it may be biased. It has recent statistics and provides
factual information.
2. Liberties.eu is a European Union liberties advocacy organization and it is a
reputed source. It contains first-hand data and provides evidence for their
claims. It provides us with reliable and factual information.
3. Indiaai.gov.in also known as the National AI Portal of India talks about all
the Technological issues and inventions in India. It is considered a primary
source of information related to AI initiatives and it is not biased. It
provides reliable and credible information.
Conclusion:
Prior to this research, I believed that AI would cause unemployment in some
industries, causing employees and workers to lose their jobs, but following this
investigation, I discovered that AI may also lead to new job opportunities. They
can boost productivity and stimulate economic growth. AI will alter jobs
requiring expertise, creativity, and emotional intelligence. To mitigate the
negative effects of AI on jobs, politicians, corporations, and educators must
work together to give people the essential skills and knowledge for an
AI-driven economy. Additionally, retraining programs and social safety nets
can support affected workers.
Bibliography
1-https://www.forbes.com, Author: Lacoviello, Marco, “Automation And Work
Transformation”, How Does Artificial Intelligence Create New Jobs?, Publisher,
Date Published-26/12/2023,
https://www.forbes.com/sites/forbesbusinesscouncil/2023/07/26/how-does-artifi
cial-intelligence-create-new-jobs/?sh=1d86ff8f2586, Date Accessed-2/2/2024
2-https://www.geeksforgeeks.org, Author: Goel, Shikhar, “Artificial Intelligence:
Cause of Unemployment”, Artificial Intelligence: Cause of Unemployment,
organization, Date Published-9/3/2023,
https://www.geeksforgeeks.org/artificial-intelligence-cause-of-unemployment/,
Date Accessed-5/3/2024
3-https://link.springer.com, Author: Mutascu, Mihai, “Abstract”, Predicting the
contribution of artificial intelligence to unemployment rates: an artificial neural
network approach, Publisher, Date Published-9/2/2023,
https://link.springer.com/article/10.1007/s12197-023-09616-z, Date
Accessed-6/3/24
4-https://www.theguardian.com, Author: Greenhouse, Steven, “US experts
warn AI likely to kill off jobs – and widen wealth inequality”, US experts warn AI
likely to kill off jobs – and widen wealth inequality, Publisher, Date
Published-8/2/2023,
https://www.theguardian.com/technology/2023/feb/08/ai-chatgpt-jobs-economy
-inequality, Date Accessed-6/3/2024
5-https://indiaai.gov.in, Author: Saxena, Paul, “AI impact on India: Jobs and
Employment”, AI impact on India: Jobs and Employment, Publisher, Date
Published-3/12/2021,
https://indiaai.gov.in/article/ai-impact-on-india-jobs-and-employment, Date
Accessed-11/3/2024
6- https://www.liberties.eu, Author: Arena, Chiara, “What are the disadvantages
of artificial intelligence?” 7 Disadvantages of Artificial Intelligence Everyone
Should Know About, Publisher, Date Published-14/6/2022,
https://www.liberties.eu/en/stories/disadvantages-of-artificial-intelligence/4428
9, Date Accessed-16/3/2024
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