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AI may add more jobs than it’s going to destroy according to a new report

ZipRecruiter carried out a survey of 11,000 workers and found out that 58% of job seekers think that Artificial Intelligence (AI) will destroy more jobs than it creates. The fear stems from a report by global consulting firm McKinsey. The McKinsey report is often cited because it predicts that 30% of jobs will be lost to technology by 2030 and 50% of all current jobs can and may be automated.

The employment marketplace sort to look into the conclusions of the McKinsey report and as a result, engaged data scientist to find out how many jobs AI is already disrupting. The report on this looking-into, titled “The Future of Work” shows that AI actually added three times the jobs it disrupted in 2018.

The two exciting takeaways from the ZipRecruiter study are first, the most successful application of Artificial Intelligence has been when used “in partnership with humans rather than as a replacement” and second “AI is powering a new wave of approaches to existing industries, creating a surge in new career opportunities”. This means employing AI to work with a human lawyer is better than replacing the human with a robot entirely and at the same time, the court will need someone with knowledge in the technology the lawyer who works with AI uses to be able to successfully adjudicate cases.

A lot of the fears about AI has been the impact the technology will have on work but if the ZipRecruiter research is anything to go by, the final conclusions of the report that “while AI will reduce employment in some industries, it is also creating new products and services, giving rise to new markets, improving productivity, and making work better” is reassuring to governments and civil society groups who are worried about the impact of the technology on working people.

CEO of SpaceX and Tesla, Elon Musk has been a vocal opponent of AI and has called the technology “humanity’s ‘biggest existential threat'” and compared it to “summoning the demon.”

However, Facebook CEO Mark Zuckerberg has downplayed Musk’s fears. His company Facebook is one of the biggest champions of AI as it employs AI in almost all aspects of how the social network is used. Zuckerberg says “AI is going to make our lives better in the future” and this is in agreement with the conclusions of the ZipRecruiter report.

This story has been updated with dates and timelines of the various reports.

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