The Implications of Artificial Intelligence in the Workforce (Essay Sample)

Name Instructor Course Date The Implications of Artificial Intelligence in the Workforce Artificial Intelligence (AI) has been making rapid advancements in recent years, and is increasingly being integrated into various industries. The implications of AI in the workforce, however, are complex and multifaceted. This essay will examine the implications of AI in the workforce, with a focus on the potential for job displacement and the need for reskilling and retraining of workers. One of the most significant implications of AI in the workforce is the potential for job displacement. A study by the McKinsey Global Institute found that up to 800 million jobs could be displaced by automation by 2030 (Manyika, et al., 2017). While some jobs will be entirely replaced by AI, others will be partially automated, requiring a different set of skills and knowledge. This displacement will have a significant impact on the workforce, particularly on low-skilled workers, who are more likely to be affected by automation (Manyika, et al., 2017). Another implication of AI in the workforce is the need for reskilling and retraining of workers. As jobs are displaced and new skills are required, workers will need to be trained in order to adapt to the changing workforce. A study by the World Economic Forum found that by 2022, 54% of all employees will require significant re- and upskilling (World Economic Forum, 2018). This will require significant investment in training and education, as well as a commitment to lifelong learning. In conclusion, the implications of AI in the wor...