As the artificial intelligence (AI) boom continues to reshape various industries, concerns about its impact on employment have surged. The fear of job displacement and decreased wages has been a significant point of contention. However, Sander van’t Noordende, CEO of talent company Randstad, believes that those whose jobs are affected by AI might actually see an increase in their salaries.
Van’t Noordende, speaking on CNBC’s “Squawk Box Europe,” shared his perspective as a CEO who has successfully integrated AI into jobs to streamline and enhance productivity. He emphasized that companies will be willing to pay personnel more for jobs that add even greater value. The implementation of AI enables employees to utilize their time more efficiently, resulting in more meaningful contributions to the company, such as spending additional time with clients or exploring new areas of business.
Contrary to popular belief, AI tools cannot fully replace human employees, according to van’t Noordende. While acknowledging the immense potential and capabilities of AI, he emphasized that there will always be aspects of work that only humans can do. Therefore, AI should be viewed as a tool that complements human expertise, rather than a complete replacement.
Estimations of AI’s impact on jobs vary greatly since the advent of the AI boom. Goldman Sachs predicted that around 300 million jobs could be affected by AI in some capacity, while a Pew Research Center report suggested that approximately 20% of U.S. employees hold jobs with “high exposure” to AI. These predictions align with the findings of ResumeBuilder, which reported an increase in AI-related job losses.
However, experts also argue that AI has the potential to create new job opportunities, similar to past technological advancements. They propose that the impact of AI on jobs may actually be smaller compared to other economic factors, such as slower growth and rising costs for businesses, which pose larger threats to workers.
Van’t Noordende also cautioned that the full impact of AI on jobs might take longer to materialize. Currently, only a fraction of companies are implementing AI “at scale,” with many others still in the experimental phase. To responsibly and effectively incorporate AI on a larger scale will require time and careful consideration.
Despite the concerns surrounding AI’s impact on employment, it is clear that there is potential for higher salaries and new opportunities as AI technology continues to develop and integrate seamlessly into various industries.
The source of the article is from the blog toumai.es