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The pessimists argue Al is different to previous forms of technological change, because robots and algorithms will be able to do intellectual as well as routine physical tasks. • Northern jobs 'most at risk from robots' • Automation 'puts half of NI jobs at risk' However, John Hawksworth, chief economist at PwC, said: "Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains. "This reduces prices and increases real income and spending levels, which in turn creates demand for additional workers. How Al could change the job market

The pessimists argue Al is different to previous forms of technological change, because robots and algorithms will be able to do intellectual as well as routine physical tasks. • Northern jobs 'most at risk from robots' • Automation 'puts half of NI jobs at risk' However, John Hawksworth, chief economist at PwC, said: "Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains. "This reduces prices and increases real income and spending levels, which in turn creates demand for additional workers. How Al could change the job market

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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**How AI Could Change the Job Market** The integration of AI technologies into the workforce is a subject of significant debate. Critics argue that AI differs vastly from previous technological advances as it can perform both intellectual and routine physical tasks. Some reports highlight regional vulnerabilities, with claims such as "Northern jobs 'most at risk from robots'" and "Automation 'puts half of NI jobs at risk'." John Hawksworth, PwC's chief economist, offers a counter viewpoint. According to him, while new tech like AI may replace existing jobs, it simultaneously spurs productivity, increasing income and demand for labor. **Chart: Estimated Net Job Creation by Industry Sector (2017-2037)** The chart illustrates projected changes in job creation across various sectors: - **Health**: +20% - **Scientific and Technical**: +15% - **Communications**: +10% - **Hospitality**: +5% - **Education**: +6% - **Administrative and Support Services**: Slight increase - **Other Sectors**: Minor variations - **Wholesale and Retail**: Slight decline - **Construction**: Slight decline - **Financial and Insurance**: Minor decline - **Public Administration and Defence**: -18% - **Transportation and Storage**: -22% - **Manufacturing**: -25% (Source: PwC) PwC predicts a modest net job increase of 200,000 in the UK by 2037, despite AI potentially displacing 7 million jobs while creating 7.2 million new ones. Gains are expected in health and science sectors, but manufacturing, transport, and public administration could face declines. **Digital Skills** "As AI reshapes industries, adaptability and strong digital skills will determine winners and losers in this evolving landscape," says Euan Cameron, PwC's AI lead. He highlights the importance of creativity and teamwork—skills machines struggle to replicate. Contrary to a 2013 Oxford forecast claiming high automation risks for jobs, the OECD suggests around 10% of US jobs and 12% of UK jobs are at high risk, although changes in job tasks are expected to be widespread.
Transcribed Image Text:**How AI Could Change the Job Market** The integration of AI technologies into the workforce is a subject of significant debate. Critics argue that AI differs vastly from previous technological advances as it can perform both intellectual and routine physical tasks. Some reports highlight regional vulnerabilities, with claims such as "Northern jobs 'most at risk from robots'" and "Automation 'puts half of NI jobs at risk'." John Hawksworth, PwC's chief economist, offers a counter viewpoint. According to him, while new tech like AI may replace existing jobs, it simultaneously spurs productivity, increasing income and demand for labor. **Chart: Estimated Net Job Creation by Industry Sector (2017-2037)** The chart illustrates projected changes in job creation across various sectors: - **Health**: +20% - **Scientific and Technical**: +15% - **Communications**: +10% - **Hospitality**: +5% - **Education**: +6% - **Administrative and Support Services**: Slight increase - **Other Sectors**: Minor variations - **Wholesale and Retail**: Slight decline - **Construction**: Slight decline - **Financial and Insurance**: Minor decline - **Public Administration and Defence**: -18% - **Transportation and Storage**: -22% - **Manufacturing**: -25% (Source: PwC) PwC predicts a modest net job increase of 200,000 in the UK by 2037, despite AI potentially displacing 7 million jobs while creating 7.2 million new ones. Gains are expected in health and science sectors, but manufacturing, transport, and public administration could face declines. **Digital Skills** "As AI reshapes industries, adaptability and strong digital skills will determine winners and losers in this evolving landscape," says Euan Cameron, PwC's AI lead. He highlights the importance of creativity and teamwork—skills machines struggle to replicate. Contrary to a 2013 Oxford forecast claiming high automation risks for jobs, the OECD suggests around 10% of US jobs and 12% of UK jobs are at high risk, although changes in job tasks are expected to be widespread.
**After reviewing the article and looking at the chart above, respond to the following questions:** 1. Which sector was most surprising to you in terms of expected job creation—Health, Scientific & Technical, Communications, Hospitality, or Education? Explain your view. 2. Notice that several white-collar sectors are NOT expected to experience additional job creation, including Financial & Insurance and Public administration and defense. Did you find this surprising? Do you believe the predictions? Why or why not? 3. Do you agree with the statement that "Artificial Intelligence (AI) will create as many jobs in the UK as it will displace over the next 20 years"? Why or why not? --- **AI will create as many jobs as it displaces - report** *17 July 2018* Artificial Intelligence (AI) will create as many jobs in the UK as it will displace over the next 20 years, a report has said. The analysis, by accountancy giant PwC, found AI would boost economic growth, creating new roles as others fell away. But it warned there would be "winners and losers" by industry sector, with many jobs likely to change. Opinion is split over AI's potential impact, with some warning it could leave many out of work in future. *(Image Caption: A man interacts with a robot, suggesting collaboration between humans and AI technologies.)*
Transcribed Image Text:**After reviewing the article and looking at the chart above, respond to the following questions:** 1. Which sector was most surprising to you in terms of expected job creation—Health, Scientific & Technical, Communications, Hospitality, or Education? Explain your view. 2. Notice that several white-collar sectors are NOT expected to experience additional job creation, including Financial & Insurance and Public administration and defense. Did you find this surprising? Do you believe the predictions? Why or why not? 3. Do you agree with the statement that "Artificial Intelligence (AI) will create as many jobs in the UK as it will displace over the next 20 years"? Why or why not? --- **AI will create as many jobs as it displaces - report** *17 July 2018* Artificial Intelligence (AI) will create as many jobs in the UK as it will displace over the next 20 years, a report has said. The analysis, by accountancy giant PwC, found AI would boost economic growth, creating new roles as others fell away. But it warned there would be "winners and losers" by industry sector, with many jobs likely to change. Opinion is split over AI's potential impact, with some warning it could leave many out of work in future. *(Image Caption: A man interacts with a robot, suggesting collaboration between humans and AI technologies.)*
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