Artificial Intelligence, or AI, is a field of computer science that involves creating machines that mimic human intelligence. This could mean learning from experience, understanding complex concepts, recognizing patterns, understanding speech, or making decisions. AI is becoming a part of our everyday lives and is used in areas such as voice recognition systems like Siri or Alexa, recommendation systems like those used by Amazon or Netflix, and even in autonomous vehicles. AI is having a huge impact on the world and leading to big changes in the job market. In this post, let’s find out how AI is changing the job market.

Need more background? You can check out this comprehensive guide on how AI works. For our younger readers, we also have simplified explanations of AI for 5-year-olds and 10-year-olds.

The Impact of AI on the Job Market

AI is transforming the job market in significant ways. It’s not just about robots taking over human jobs; it’s also about new jobs being created because of AI.

Jobs Lost to AI

AI has already impacted jobs that require repetitive and/or computational tasks, such as cashiers, call center agents, factory workers, financial experts, and even news outlet writers. It’s not too far away that drivers, healthcare workers, and accountants may largely be replaced by AI-driven software.

Jobs Created by AI

On the flip side, AI is also creating new jobs. According to the World Economic Forum, AI is predicted to create 58 million new jobs by 2022. Many of these will be positions in big data, Internet of Things (IoT), cloud computing, cybersecurity, data science, data analysis, software development, and social media specialization. 

Here are the top 5 new Jobs that are forecasted to be created due to the rise of AI

  1. Prompt Engineer: A prompt engineer can compose an effective string of text that not only helps with the training of the AI but also delivers exactly the results needed and intended. They have to master the tricks that work on specific generative AIs. The job doesn’t necessarily require a computer-science degree and the pay rates for a Prompt Engineer can range from $250,000 to $335,000 per year.
  2. AI Trainer: As companies implement generative-AI systems that are meant to interact with the outside world, AI must learn a few things about the business it’s a part of. That’s what an AI trainer does. They assist the AI platform while the AI conducts calls. Perfecting things that aren’t human so they’ll sound more human is what AI training is all about.
  3. AI Auditor: The job of the AI auditor is to make sure that the output from an AI is accurate and unbiased. They ensure that the problems of bias inherent in AI are weeded out as much as possible. In some places, that is, or will be, the law.
  4. AI Ethicists/Ethics Experts: AI ethicists are responsible for ensuring that AI is used in a safe and ethical manner. They help in reducing bias and increasing fairness in AI systems. The high demand isn’t a given just yet, but the money isn’t bad—the job mentioned above and a few others we found online topped out at $160,00 per year.
  5. Machine Managers: Machine managers oversee AI-operated hardware and systems. These job descriptions tend to ask for actual computer-science degrees along with commensurate experience in the field in which the AI is being used. The pay can fluctuate, with top salaries of $109K to $251K a year.

Preparing Our Kids for the AI-Driven Job Market

Now that we know how AI is changing the job market, it’s important that we prepare our kids for this AI-driven future. This involves not just teaching them about AI but also helping them develop the skills they will need to thrive in an AI-driven job market. This includes skills like critical thinking, creativity, emotional intelligence, and of course, coding. If you’re interested in teaching your kids about AI, check out these activities for kids to learn about AI.

The Future of AI and the Job Market

The future of AI and the job market is not set in stone. It’s a dynamic field with new developments happening all the time. One thing is for sure, though: AI is here to stay, and it will continue to shape the job market in the years to come. To stay ahead, we need to understand AI, embrace it, and learn to adapt to the changes it brings. If you’re interested in learning more about the future of AI, check out this post on the future of AI.