Impact Of Artificial Intelligence On Employment Sector

Subhikshan T R, SASTRA Deemed to be University

ABSTRACT

The work landscape has undergone major changes as a result of the rapid development and integration of artificial intelligence (AI) technology. This study examines the effects of AI on employment, concentrating on the dynamics of job creation and displacement. The study looks into the relationship between the adoption of AI and the creation of new job prospects and the loss of traditional jobs. This study investigates the elements, such as work automation, enhanced efficiency, and the substitutability of human labour, that contribute to job displacement caused by AI through a thorough assessment of the current literature, empirical data, and case studies. It also looks at the sectors and professions most at risk from employment losses brought on by AI. The research also looks into the new career prospects and tasks that result from the integration of AI, which is the other side of the coin. It examines the sectors, jobs, and skill sets that are affected by AI's growth and expansion. The goal of the study is to categorise the different jobs that are being generated and to compare them to the jobs that AI is replacing or transforming. The research also explores the difficulties and effects of worker adaptation to the shifting employment landscape. In order to support a seamless transition, it examines the skill needs for the burgeoning AI- related employment and evaluates the possibility of workforce up skilling and re skilling. The research paper's conclusions offer insightful information for individuals, businesses, and policymakers navigating the changing job market in the age of AI. To develop strategies to exploit the advantages of AI while minimising any negative effects on employees and encouraging equitable economic growth, it is essential to understand the net impact of AI on employment. Overall, by offering a thorough examination of job creation and displacement dynamics, this research adds to the body of information on the effects of AI on employment. It draws attention to the necessity of taking preventative action to support impacted workers, fill skill gaps, and promote a fair and sustainable transition in the employment sector.

Keywords: Artificial Intelligence, Employment, Job creation, Job displacement, Robotics, Technology.