IMPACT OF ARTIFICIAL INTELLIGENCE ON JOBS: UNEMPLOYMENT AND DISPLACEMENT
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Abstract
This study examines the influence of Artificial intelligence on jobs: unemployment and displacement. It captures the implication of Artificial intelligence on the workforce as a whole. The Literature review of the study was segmented into three(3) sections namely; Conceptual review, Theoretical review, and Empirical review. Major Statistical tools of analysis used includes; data visualizations using histograms and the multinomial logistic regression. All tests done were conducted at the 0.05 level of significance. Major findings show that python, AI algorithms, certifications, problem solving, mathematics, and the other skills have a significant effect on getting an AI-related job. The study concludes that the impact AI has on jobs, is more on job loss as regards low-skilled workers, however AI has the ability to complement human workers, which will in turn lead o increased efficiency and productivity. Also as regards job displacement, it will affect mainly low-skilled and routine jobs.
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