How AI Will Change the Labor Market

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00:00Experts say millions of roles involving repetitive tasks from clerical positions to logistics

00:06could vanish in the next decade.

00:09All junior level jobs in any industry are at high risk.

00:12But estimates of how many jobs will be affected vary widely.

00:16Goldman Sachs projects 300 million jobs could be exposed to automation over the next 10

00:22years, with roughly two-thirds of current roles likely to be changed by the use of AI.

00:28And the World Economic Forum reckons that in five years' time, the proportion of work

00:33tasks performed mainly by machines will grow from just over a fifth to more than a third.

00:39But what do we know about the impact that AI is already having in the workplace?

00:44AI is doing 30 to 50 percent of the work at Salesforce now.

00:48And I think that that will, you know, continue.

00:52Earlier this year, Microsoft announced two rounds of layoffs affecting up to 16,000

00:58workers partly driven by AI efficiencies.

01:01And Amazon's CEO recently warned that AI would see a reduction in that company's total headcount,

01:07although the firm is not yet laying off staff.

01:11But it's not all one-way traffic.

01:13If you ask ChatGPT about the AI impact on jobs, it predicts the technology will also create millions

01:21of new roles in data, engineering and human-AI collaboration.

01:26And that same World Economic Forum report predicts AI, robotics and related technologies will

01:31add 170 million jobs by 2030.

01:35If that comes to pass, the world will have more total jobs in five years' time, not fewer.

01:41PerformingONE

01:56ati

01:56____ transformer

01:582017

01:58retreat

01:59Encour gaan

01:59旅