The CEO of Amazon, Andy Jassy, says worries that artificial intelligence might lead to a large loss of jobs may be exaggerated.
In a media interview, Jassy stated that rather than totally eliminating job prospects, AI is more likely to change the nature of labor.
According to Jassy, many jobs that have depended significantly on human labor over the previous two to three decades would need fewer workers in the future. He emphasized, though, that this does not imply that jobs will completely vanish.
Rather, as has happened with every significant technical change in history, new kinds of roles will develop.
“I do think that you will not need as many people doing the same jobs that we have thrown at people over the past 20 or 30 years. However, I also believe that new jobs will be generated. And with every change in technology, that has always occurred,” he stated.
However, a number of stories also indicated that rather than replacing employment, AI would change them.
According to a recent research by Morgan Stanley, the long-term effects might not be as bad as many anticipate.
“Most workers are unlikely to be permanently left behind, even though some professions will be mechanized. Rather, many are anticipated to transition into new job categories, including positions that do not yet exist, according to the report.
Morgan Stanley cited significant technological developments during the last 150 years, such as electricity, automated farming, computers, and the internet, to bolster its claim.
Although these breakthroughs changed employment needs and revolutionized industries, they did not completely replace human labor.
The popularity of spreadsheets in the 1980s was used as a helpful example in the Morgan Stanley report.
Spreadsheets allowed financial experts to concentrate on more intricate and valuable work, even though they also eliminated the necessity for some clerical duties. Instead of destroying the finance industry, this change eventually helped to create new jobs in the field.
The majority of workers are unlikely to be permanently replaced, even though certain jobs will be mechanized, the survey claims. It is anticipated that many would instead transition into new job categories, such as positions that do not yet exist. According to the bank, rather than completely replacing jobs, artificial intelligence will alter its essence.
According to Morgan Stanley, artificial intelligence will change job types, occupations, and necessary abilities in a similar way. Companies are anticipated to establish new leadership positions, such as chief AI officers, to supervise the technology’s integration into corporate operations as its use grows.
Additionally, there will probably be a greater need for experts in AI governance, particularly in highly regulated industries like healthcare.
To guarantee the ethical use of AI systems, fields like data regulation, cybersecurity, and policy supervision are anticipated to need qualified experts.
Hybrid positions that mix engineering and product management are probably going to proliferate in the technology industry.
Product managers can take on additional technical duties by creating and testing early prototypes with the use of natural-language coding tools before transferring projects to engineering teams.
Additionally, highly specialized jobs across industries are anticipated to be created by artificial intelligence. Businesses that interact with customers may employ AI supply-chain analysts and personalization strategists who integrate data knowledge with customer experience insights.
Industrial companies could depend increasingly on specialists in intelligent energy systems and predictive maintenance.
Computational genetics and supervision of AI-powered diagnostic tools could be the focus of new positions in the healthcare industry.