Artificial Intelligence Brings New "Variables" to the US and European Job Markets

2023-11-17

With the improvement of artificial intelligence (AI) technology and the increase of related applications, the employment market in the United States and Europe has been intricately affected. The industry expects that with the improvement of "human-machine collaboration", new types of work and talents will make the job market more active and create more job opportunities. But some industries are also experiencing short-term "pain" and job losses. The industry remains optimistic about the prospects of the job market. The International Labour Organization (ILO) recently released a research report expressing optimistic views on the impact of artificial intelligence on the job market, stating that generative artificial intelligence is more likely to increase job opportunities rather than impact the job market. The report shows that most jobs and industries have only partially achieved automation. Therefore, the biggest impact of generative artificial intelligence on employment is to automate some work tasks, giving people more time to handle other tasks. This may not completely replace the entire profession, but rather supplement job opportunities, leading to changes in work quality, especially in terms of work intensity and autonomy. Dai Xiaochu, Deputy Director of the China and Mongolia Bureau of the International Labour Organization, brought the results of a recent study on generative artificial intelligence and employment to the 2023 World Youth Development Forum Youth Digital Development Theme Forum. Generative artificial intelligence is more likely to enhance rather than destroy employment, "he emphasized, emphasizing that young people are at the core of the digital age. They think through new technologies and are passionate about creating technology based solutions. In order to better empower various industries with the application of artificial intelligence technology, the activity of industry enterprises continues to increase, accelerating the integration of existing labor markets and business entities. The short-term "pain" has emerged. The American artificial intelligence company OpenAI recently held its first developer conference and released an updated version of ChatGPT. The upgraded product efficiency and functionality have caught the attention of the industry. However, industry insiders are concerned that the employment situation in multiple industries will be further affected in the short term. The impact of artificial intelligence on employment in many industries is evident in local newspapers in the United States and Europe. Bloomberg reported that the preliminary agreement reached between the Actors Guild of America and producers recently includes licensing and compensation provisions for the use of artificial intelligence. According to technology media reports, the latest data from Layoffs.fyi, a company that tracks layoffs in technology companies, shows that the total number of layoffs is expected to exceed 240000 this year. Market insiders analyze the reasons and argue that the poor economic environment is the main reason why these companies choose to save expenses and significantly lay off employees. The technological progress brought about by artificial intelligence technology has also led to a certain degree of frictional unemployment. Generally speaking, frictional unemployment refers to unemployment caused by technical reasons, that is, due to economic adjustment or resource allocation imbalance, some people need to transfer to different jobs, while others wait for a job transfer, resulting in unemployment. Coincidentally, in Europe, the largest telecommunications operator in the UK, British Telecommunications (BT), has announced that it will cut up to 55000 jobs, accounting for approximately 42% of the company's total workforce, by 2030 to significantly reduce costs. According to foreign media reports, 10000 of the layoffs will come from the customer service department, and these positions will be composed of digital

Edit:Hu Sen Ming    Responsible editor:Li Xi

Source:XinhuaNet

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