How AI will Change the Way we Work
- On the Money Magazine
- Jul 30
- 2 min read
Joseph Dai, Whitney M. Young Magnet High School, Senior, Summer 2024
Artificial Intelligence is everywhere now, from self-driving vehicles, chatbots, social media algorithms, and even robot bees! The rapid improvement of AI capabilities raises an alarming question: Will AI take all of our jobs soon? An obvious flash point is the creative industry, jobs ranging from graphic design and audio production to journalism have all felt the AI disruption. According to Angela Misri, Assistant Professor in the School of Journalism at Toronto Metropolitan University, “More than half of journalists use AI as part of their journalistic work. Journalists use AI methods for everything from headline generation to generating articles and videos from data.” In some high-profile cases, the use of AI by media companies has backfired as articles have been found to contain misinformation and incorrect data.
The creative field is not the only field that is challenged by the emergence of AI. While high-level computer science jobs can harness AI to increase productivity, many entry-level computer science roles are now entirely automated. Wired Magazine reports that “Tech companies around the world laid off more than 400,000 workers in 2022 and 2023.” (Wired, 2023) These layoffs result from the increasingly competitive job market in the tech field. Yinuo Huang, a competitive coder and machine learning student, states that “with the increasingly rapid development in technologies over many areas, graduates nowadays are supposed to actively follow and learn the most frontier technologies, new frameworks, and state-of-the-art inventions.” Consequently, due to rapid improvements in AI, the tech field is one where a worker has to constantly strive to stay up to date with AI’s progress to avoid being replaced.
While it is true that some industries will fluctuate and have to adapt to AI, others will thrive and benefit from AI’s capabilities. Consulting firm McKinsey & Co. predicts “demand for occupations such as health professionals and other STEM-related professionals would grow by 17 to 30 percent between 2022 and 2030.” (McKinsey, 2024) The predicted growth in healthcare jobs is due to the nature of the profession, a very hands-on and interactive-based field. Although the future is uncertain for many occupations, such as the arts and technology, one thing is certain: getting an education is still as important as ever!
List Sources:
Interview:
Yinuo Huang, a competitive coder and machine learning student, https://github.com/SnowballSH
Angela Misri, Assistant Professor in the School of Journalism at Toronto Metropolitan University, angela.misri@torontomu.ca
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