How AI will impact jobs: Preparing for the future

As we move into the era of artificial intelligence, there is no doubt that it will have a significant impact on the labor market. While there are many potential benefits of AI, including increased productivity and efficiency, there are also concerns about the impact on lower-class workers. In this article, we'll explore some of these concerns and discuss how we can prepare for the future.

Job Displacement: A Threat to Lower-Class Workers

One of the biggest concerns about AI is the potential for job displacement. AI and automation have the ability to automate routine and repetitive tasks, which could lead to the displacement of workers who perform those tasks. Unfortunately, this is a real concern for lower-class workers who are more likely to perform these tasks. According to a recent report by the McKinsey Global Institute, up to 800 million workers could be displaced by automation by 2030. This represents 16% of the global workforce and could disproportionately affect lower-skilled workers.

The Skills Gap: Preparing for the Jobs of the Future

Another challenge that AI presents for lower-class workers is the skills gap. While AI and automation may create new job opportunities, these jobs may require different skills and qualifications than those of the displaced workers. This could create a significant skills gap for lower-skilled workers who may struggle to adapt to new technologies and require additional training. In fact, a recent report by the World Economic Forum suggests that by 2022, over 54% of all employees will require significant upskilling and reskilling.

The Importance of Policy and Preparation

Given the potential challenges of AI for lower-class workers, it is important for policymakers, businesses, and society as a whole to prepare for the future. This means investing in education and training programs to help lower-skilled workers acquire the skills they need to thrive in the jobs of the future. It also means creating policies that support a fair and just transition to the new economy, including social safety nets, retraining programs, and other forms of support.

Conclusion

The impact of AI on the lower class is a complex issue that requires careful consideration and planning. While there are many potential benefits of AI, we must also acknowledge the potential risks and take steps to mitigate them. By investing in education and training programs, creating supportive policies, and preparing for the jobs of the future, we can ensure that lower-class workers are not left behind in the age of AI. As TD Jakes once said, "The future is not something we enter. The future is something we create." Let's work together to create a future that works for everyone.