Decoding AI’s Impact on the Workforce: A Comprehensive Analysis of Opportunities, Challenges, and Strategic Adaptations in Job Markets

Abstract

Purpose: This study investigates the evolving dynamics of the job market in response to technological advancements, particularly the rise of artificial intelligence (AI) and automation. It aims to identify the opportunities and challenges these changes present for workers and employers.

Design/Methodology/Approach: A comprehensive review of recent literature, combined with quantitative data analysis, assessed trends in job creation, displacement, and skill requirements across various sectors.

Findings: The findings reveal that while AI and automation are driving the creation of new job roles, particularly in technology, healthcare, and data analysis they also pose significant displacement risks in traditional industries such as manufacturing and retail. Moreover, the study highlights a growing skills gap, necessitating targeted reskilling and upskilling initiatives.

Originality/Value: This research provides valuable insights into the future of work, emphasizing the need for adaptive strategies from policymakers, businesses, and educational institutions to navigate the complexities of the modern job market effectively.

Paper Type: View Point