Artificial Intelligence Will Reshape the Job Market by 2030
It is expected that artificial intelligence (AI) will significantly reshape the job market by 2030, potentially causing disruptions similar to those seen during the COVID-19 pandemic in 2020, according to Kweilin Ellingrud, a senior partner at McKinsey & Company.
According to a report published by Business Insider, Ellingrud revealed that approximately 12 million workers will need to transition to new jobs due to advancements in artificial intelligence over the next six years.
The sectors most affected by this transformation will include administrative support, customer service, food service, and manufacturing.
These fields encompass roles that often involve repetitive tasks, data collection, and basic data processing, making them particularly susceptible to automation.
McKinsey’s annual report, in which Ellingrud participated in crafting, indicates that these roles represent about 85% of jobs likely to be affected by artificial intelligence.
Despite the anticipated disruptions, some fields may see growth, as roles in healthcare, STEM (science, technology, engineering, and mathematics), and engineering are likely to experience increased demand while the job market adapts to new technological realities.
The report also suggests that around 30% of tasks across all jobs could be impacted by the integration of generative AI and traditional automation techniques.
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This means that while not all positions will be completely replaced, a significant portion of jobs will undergo changes, necessitating a shift in skill sets and responsibilities.
Ellingrud emphasizes the need for workers and industries to prepare for these imminent changes, as automation and AI continue to evolve. Understanding these technologies and adapting to them will be crucial for maintaining job relevance and economic stability in the coming years.