The technology could herald a 'job apocalypse,' the study said.
and harness AI for a breakneck economic surge, according to the left-leaning Institute for Public Policy Research, the think tank that authored the report.
The report describes a soon-to-begin phase of AI adoption during which some of these “low-hanging fruit” jobs will be replaced by the technology. The overall workforce impact over the period could be limited, the study said, but some roles will experience massive effects, such as the elimination of one-third of administrative jobs.
While offering up potential outcomes, the study acknowledged that a wide range of job-displacement scenarios remains possible, including the potential for job losses to be avoided entirely.last year noted the absence of job losses during a surge of AI adoption over the course of the COVID-19 pandemic.
The increased sophistication and use of AI is expected to displace jobs over the coming years, the experts added. AI will enhance productivity and increase compensation for some jobs but it risks leaving out workers who fail to keep up, they said.
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