what are the thoughts on sudden AI boom which are impacting the job market and lot of job cuts can be seen by big tech giants
The ability to manage their own needs against family requirements is something that many women perform daily. Here is an example of my maternal aunt. She is a software engineer and the single mother of two children. She wakes up at 5 a.m. and practices yoga before the children wake up. During the daRead more
The ability to manage their own needs against family requirements is something that many women perform daily. Here is an example of my maternal aunt. She is a software engineer and the single mother of two children. She wakes up at 5 a.m. and practices yoga before the children wake up. During the day, she alternates between coding and meetings. She solves her children’s homework problems and manages her coding and other classes. The lunchtime walk is dear to her because it is a small but necessary way to deal with the two spheres she occupies. Her evenings are filled with meal preparations and storytelling up until bedtime. Regardless of the tiredness the following day, she invests her later hours into her hobbies and regains comfort in individual interests. Being a single mother, it is difficult for her to manage all spheres while healing from the emotional turmoil. My aunt’s case portrays the passion and discipline that mothers bring into practice to excel in their work and care for their families effectively in today’s world.
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This sudden boom in AI is having serious repercussions on job market - both positive and negative. While on the flip-side AI is automating most of routine and repetitive tasks which results in loss of jobs mainly from all those sectors where manual or administration work was involved. It is worth noRead more
This sudden boom in AI is having serious repercussions on job market – both positive and negative. While on the flip-side AI is automating most of routine and repetitive tasks which results in loss of jobs mainly from all those sectors where manual or administration work was involved. It is worth noting that on the way companies are already implementing such AI technologies, which has led to layoffs of employees in many sectors of economy. This trend has led to alarm about what will become of all those legacy jobs and the workers without tech skills who may struggle with finding new roles.
But then, the coming in of AI boom also opens up potential for job creation in newer areas. These activities of AI in developing, maintenance and on extensive use requires special skills leading to the requirement being heated for data scientists. As AI technology evolves, new roles and industries are likely to emerge, potentially offsetting the job losses caused by automation.
The key challenge lies in managing this transition. Workforce retraining and education will be crucial in helping displaced workers adapt to new opportunities. Policymakers and businesses must collaborate to create inclusive strategies that ensure the benefits of AI are widely shared, minimizing the negative impacts on employment while maximizing the potential for innovation and growth in the job market.
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