AI will not result in large-scale unemployment, but it will force millions to retrain and switch careers over the next 20 years, according to a report by PwC.
The report found that AI will create around the same number of jobs as it destroys, dismissing previous fears that it would lead to rampant unemployment. However, it also found that there will be “winners” and “losers”, with some industries seeing significant decline in jobs while others will see a rise.
“Major new technologies, from steam engines to computers, displace some existing jobs but also generate large productivity gains,” […]
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