Crucially, WEF expects there to be 14 million fewer jobs overall in five years' time, as an estimated 83 million roles will disappear, while only 69 million will emerge.
Automation has the potential to eliminate 73 million US jobs by 2030, which would equate to a staggering 46% of the current jobs. 37% of Americans are worried about automation displacing them from their jobs.
As such, jobs that require high emotional intelligence, such as therapists, social workers, and nurses, are not likely to be replaced by AI. Specialized Professionals: Jobs that require deep expertise in a particular field, such as doctors, lawyers, and scientists, are less likely to be fully replaced by AI.
Future-proofing your career is about preparing yourself for a lasting professional journey, creating your opportunities, and growing regardless of your job status or the economic recession. One of the necessary steps to build a flexible, adaptable, and lasting career is by staying on the path of upskilling yourself.
The jobs with the highest average pay in the United States are all in medicine. According to the Bureau of Labor Statistics, the jobs that receive wages equal to or greater than $208,000 per year on average in alphabetical order. It's important to note that these are average wages.
Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030.
While #aitechnologies have the potential to automate certain programming tasks, they are unlikely to replace programmers entirely. Instead, AI will empower #programmers, making them more productive, efficient, and capable of delivering high-quality software solutions.
For financial services companies, robots and AI will not replace every job and they will never rule over the sector. But to stay competitive as companies and stay relevant as employees, it is vital to learn how to work better with robots and digital tools, for the sake of both individual careers and our entire economy.
It added that highly skilled occupations were most exposed to AI-powered automation, such as workers in the fields of law, culture, science, engineering and business. AI breakthroughs had resulted in cases where output from AI tools – such as ChatGPT – was indistinguishable from that of humans.
Since 2000, about 1.7 million manufacturing jobs have disappeared as their tasks have become automated. Still, the growth of AI likely means more than just a shift from humans to machines in the workplace. It is forecast that AI could create jobs as well—97 million of them by 2025.
While it is inevitable that AI will replace several jobs in the future, the ironic part is that it will also create jobs for the human workforce. According to a recent report released by the World Economic Forum, artificial intelligence, automation, and robots could replace around 85 million jobs worldwide by 2025.
Salaries start to jump significantly the closer you get to the top 1%. You'll start to see dramatic shifts in the top 5%, where the EPI found the average earners significantly increased to $343,000 in 2020, up from $324,000 the year before.
How much Income you need to earn to be in the Top 1%? The amount of income needed to be in the top 1% varies by country and region. However, according to a report by the World Inequality Database, the threshold to be in the top 1% of global income earners in 2022 is $537,000 per year.
