AI significantly impacts jobs and the labour market in both positive and negative ways:

1. Job Displacement and Creation:

• Displacement: AI and automation can replace repetitive, routine tasks, leading to job losses in sectors like manufacturing, retail, and administrative roles.
• Creation: AI also creates new job opportunities, particularly in tech, data analysis, AI maintenance, and development. Emerging roles include AI ethics specialists, data scientists, and AI trainers.

1. Skill Requirements:

   – The demand for advanced technical skills, such as programming and data analysis, is increasing. Workers must adapt by acquiring new skills through education and training programs.

   – Soft skills like problem-solving, creativity, and emotional intelligence are becoming more valuable, as they are less easily automated.

1. Productivity and Efficiency:

   – AI can enhance productivity and efficiency, enabling businesses to operate more effectively and innovate. This can lead to economic growth and potentially higher wages in some sectors.

1. Inequality and Workforce Distribution:

   – AI may exacerbate income inequality as high-skilled workers benefit more than those in low-skilled positions. Geographic disparities may also increase, with tech hubs experiencing more growth.

1. Work Environment:

   – AI can improve workplace safety and reduce the need for dangerous or monotonous tasks. However, it may also lead to increased surveillance and monitoring, raising privacy concerns.

Overall, AI’s impact on the labour market is complex, requiring proactive measures such as reskilling programs, supportive policies, and ethical considerations to ensure inclusive growth and mitigate negative effects.