AI Won't Kill the Job Market but Keep It Steady, PwC Report Says
In Forbes By Parmy Olson
A study by PricewaterhouseCoopers (PwC) researchers of wide-ranging economic trends to better predict how artificial intelligence (AI) will affect the U.K. job market predicts that, although automation in trucks, plants, and other sectors could facilitate the loss of about 7 million existing jobs by 2037, the advent of robots and machine learning software will boost production by 2% annually over the next 20 years. The study predicts 7.2 million jobs will be created subsequently, balancing out the workforce. PwC's John Hawksworth says about 22% of the new jobs will be in health and social work, while demand will increase in other areas "that require a human touch and aren't so easy to automate." The U.K. government last year announced a national retraining program that will prime the workforce to better withstand the job shifts to be brought about by AI.... "
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