How AI Will Affect Jobs and the Economy?

According to the research from one of the top technical company & institute, at the global average level of adoption, absorption, and technological advancements identified by their simulation, AI has the potential to significantly increase global economic activity by up to $13 trillion by 2030, or roughly 16% more cumulative GDP than it does today. This equates to an annual increase in GDP growth of 1.2%.

This influence, if realized, would be on par with other general-purpose inventions throughout history. This will mostly result from greater product and service innovation as well as the automation of labor.

The same analysis continued, stating that by 2030, the average simulation indicates that less than half of organizations would have fully absorbed the five types of AI, even if 70% of them will have embraced the AI revolution and adopted at least one form of AI technology.

According to Forbes, artificial intelligence has the potential to be one of the most economically disruptive technologies ever created.

With the advent of AI in the world and the consequences it has brought along with it, the world has never been the same again. There has been massive mass layoffs all around the world and people have been losing their job ever since COVID started. AI tools like ChatGPT, Bing, Writesonic, etc have become weapons to initiate the layoff bombing. This paradigm shift is nothing sort of surprising now because of Artificial Intelligence which has taken over the world in the best and worst way possible. In this article, we’ll explore jobs that AI can’t replace in the coming future – 2023-2030.

When it comes to finding in-demand occupations in the next seven years and taking advantage of job growth, those who are resisting rather than riding the crest of the wave will not be making hay while the sun shines. Although AI will eliminate certain occupations, it will also create new ones.

In this article, we’ll look for certain domains of jobs that will be surely replaced by AI, and not replaced jobs too. Including that, we’ll learn about the importance of AI in the workplace and what is the expected number of jobs to be replaced by 2030.