50+ AI Job Loss Statistics & Trends Demystified [2024]

December 4, 2023 0 Comments

Is AI replacing humans? Are we losing jobs to AI?

Is it a threat to your career too? If yes, what do we do? If not, what the fuss is all about?

Are these questions buzzing in your head too? Curious to find out the answer!

According to the latest AI job loss statistics, In the US, 45 million workers could lose their jobs to AI automation, representing about one-quarter of the workforce by 2030.

Over 120 million workers around the globe will have to retrain themselves in the next three years.

An open letter warning has been signed by CEOs from AI firms like OpenAI, revealing the risk of extension from AI.

Future-proof your career with compelling AI job loss statistics. Here we have curated essential insights and statistics on staying resilient in the evolving job market.

Top AI Job Loss Statistics: Editor’s Pick

3900 Americans lost their jobs to AI in May
  1. 81% of employees believe AI improves their job performance and efficiency. [7]
  2. Since 1980, AI and automation have drowned down wages by 70%. [3]
  3. 2023 has seen 136,831 job losses in the tech industry, the highest since 2001. [5]
  4. IT professionals are the largest AI users, as expected with 54%. [8]
  5. 375 million people will need to upgrade their skills to remain in their industry by 2030. [21]
  6. Over 120 million workers around the globe will have to retrain themselves in the next three years. [21]
  7. Two-thirds of US tech companies are looking to hire generative AI experts. [14]
  8. 30% of workers fear losing their jobs to AI. [10]
  9. 75% of Chinese citizens would like to replace politicians with AI. [17]
  10. In the US, 45 million workers could lose their jobs to AI automation, representing about one-quarter of the workforce by 2030.

AI Job Loss Workspace Statistics

14% of workers have been replaced by robots

AI is being adopted in the workforce across the world. 

77% of businesses have started exploring and using AI for work. [8]

81% of employees believe AI improves their job performance and efficiency. [7]

51% believe AI enables them to attain a better work-life balance as it reduces workload. [7]

Due to increased productivity, global GDP is supposed to increase by 7%. [7

Want to know how many people are losing their jobs across the world?

  • 14% of workers have been replaced by robots. [6]
  • Since 1980, AI and automation have drowned down wages by 70%. [3]
  • In May 2023, AI was blamed for 3900 US job losses. [5]
  • AI makes up to 5% of all job jobs in May 2023, the seventh-highest. [5]
  • 2023 has seen 136,831 job losses in the tech industry, the highest since 2001. [5]
  • 80% of the US workforce will have at least 10% of their daily tasks affected by AI. [2]

Which Jobs Are Under AI Threat?

AI could replace 300 million full-time jobs. [1]

Creative brains, designers, and musicians were the first to face the threat of AI.

Now the educated, white-collar workers who make up to $80k a year will be affected by generative AI.

Manual labor is hard to replace with jobs in construction having the lowest chances of being lost to AI by 6% and maintenance by 4%. [1]

Administrative job roles are hit the most by AI with 46%, and legal professions based on predefined information are also under threat with 44%. [1]

  • IT professionals are the largest AI users, as expected with 54%. [8]
  • Next in line are data engineers with 35%. [8]
  • 29% of developers and data scientists use AI. [8]
  • 26% of security professionals depend on AI for daily tasks. [8]
  • Customer service staff use AI at 25%. [8]
  • Marketing and Advertising industries are adopting generative AI at the rate of 37%. [9]
  • Technology (35%), Consulting (30%), Teaching (19%), Accounting(16%), and health care (15%) are also adopting generative AI. [9]

What Employees Feel About AI Job Replacement

What do employees think about AI? Are they scared by this change?

The answer is obvious. They are in fear of losing their job to AI.

Employees around the world have negative opinions and concerns about AI replacing them.

49% believe people have lost their jobs to AI as organizations look to technology for budget cuts and staff reduction. [22]

In a poll on computerization and AI, most people believe that AI is far more capable than humans. These people were mostly either youngsters or old professionals.

7% of US workers in the domains of government, education, or non-profit sectors expect that AI will take over most human employment in the next fifty years. [22]

84% of workers between 18 to 29 expect their current jobs to exist in the next 50 years. [22]

17% of manual laborers are most concerned about losing their jobs to machines and AI. [22]

people who believe AI will replace humans
  • 37% of people with college degrees think that AI will replace humans on certain tasks. [23]
  • 28% of people with no college degree believe that AI will replace humans on certain tasks.
  • 38% of people with an annual income of more than $75k believe that AI will replace humans on so many tasks.
  • 27% of people with an annual income of more than $30k believe that AI will replace humans on so many tasks.

AI Job Loss Employment Statistics

What happens after this huge job loss?

If people aren’t able to find new jobs within a year after their jobs are lost to AI, there will be huge employment loss shattering people’s livelihood and economy.

375 million people will need to upgrade their skills to remain in their industry by 2030. [21]

Over 120 million workers around the globe will have to retrain themselves in the next three years. [21]

There is a huge difference between a complete job being replaced by AI and AI taking over a few tasks in the job. 

According to data, less than 5% of jobs are going to be fully automated and one-third of activities are going to be taken over by AI in a job. [20]

Certain jobs and nations are at high risk of employment due to AI job loss. Here we have listed the countries with the highest employment crisis in the next 20 years:

CountryEmployment Percentage at Risk
Romania61.93%
Portugal58.945
Croatia57.91%
Poland56.29%
Spain55.34%
UK47.17
US47%

Is AI Creating New Jobs?

Yes! Though people are losing jobs to AI at high rates, it is giving rise to new jobs and careers in the fields of technology.

According to the World Economic Forum, AI is expected to create 97 million new jobs by 2025. [14]

The UK government opened up to create 800k new job opportunities in the next 20 years. [15]

Two-thirds of US tech companies are looking to hire generative AI experts. [14]

64% of managers and executives plan to hire more professionals to fill roles around AI. [16]

AI is predicted to create 97 million jobs by 2030. [9]

jobs most likely to exist in the next 50 years of AI
  • 36% of people in full-time jobs think their jobs will most probably exist in the next fifty years. [22]
  • 32% of large corporations believe their jobs will most probably exist. 
  • 36% of small businesses believe their jobs will most probably exist.
  • 42% of government and educational institutes believe their jobs will most probably exist. 

Fear of AI in the Job Market

Who is more concerned about AI?

It is interesting to note that youngsters are seen to be more concerned than older employees about AI replacing them. 

While half of 18 to 24-year-olds are concerned about AI taking jobs, older people said that they will retire before AI affects their job. They are more concerned about their coming generations. [12]

30% of workers fear losing their jobs to AI. [10]

One-third of respondents to a survey of 52k people across 44 countries and territories mention that their jobs could be replaced by AI in the next three years. [10]

In India, the fear of losing jobs to AI jumps to more than 70%. [11

Microsoft’s India Work Trend Index reports that 83% of employees AI is reducing their workloads but fear it will replace them soon. [11]

81.6% of digital marketers believe content writers will lose jobs because of AI. In contrast, content writers believe AI cannot replace them completely because it lacks the human touch in content, though they face severe competition. [13]

over 120 million workers will have to upskill themselves

British Telecom plans to replace 10k employees with AI in the next seven years or less. [4]

75% of Chinese citizens would like to replace politicians with AI. [17]

51% of Europeans support the move to replace politicians with AI. [15]

40% of Americans do not see a problem in handing governmental and administrative tasks to AI. [17]

With its efficient and data-driven approach, AI is predicted to generate $15.7 trillion for the economy by 2030. [18]

AI could take one billion people’s jobs and make 375 million jobs obsolete over the next decade worldwide. [19

In the US, 45 million workers could lose their jobs to AI automation, representing about one-quarter of the workforce by 2030. [24]

FAQs

What do experts say about AI creating jobs and replacing jobs?

According to expert opinion and statistics, AI won’t create as many jobs as it will destroy. AI is expected to create 97 million jobs but it could take one billion people’s jobs and make 375 million jobs obsolete over the next decade worldwide.

Which jobs are most likely to be affected by AI?

AI is expected to replace 300 million full-time jobs. Creative brains, designers, and musicians were the first to face the threat of AI. Administrative job roles are hit the most by AI with 46%, and legal professions based on predefined information are also under threat with 44%.

IT professionals are the largest AI users and have a 54% chance of being replaced by AI. The educated, white-collar workers who make up to $80k a year will be affected by generative AI. 

Manual labor is hard to replace with jobs in construction having the lowest chances of being lost to AI by 6% and maintenance by 4%. 

Why is AI leading to huge job loss?

AI is taking over jobs and employers prefer them over humans. The main reason is its efficiency and accuracy at a reasonable cost. There is a huge difference between a complete job being replaced by AI and AI taking over a few tasks in the job. 

AI is being adopted in the workforce across the world. 77% of businesses have started exploring and using AI for work. 81% of employees believe AI improves their job performance and efficiency. Due to these reasons, AI is leading to huge job losses.

Final Thoughts

Artificial intelligence has become a threat to human jobs. Due to their efficiency and accuracy, employers find them more feasible than human beings and hence hire them. 

AI is blamed for taking over 15% of jobs in the US and is predicted to take over one-quarter of jobs within the next five years. As 42% of jobs lost to AI during Covid have been lost forever. 

Youngsters in the domain of IT and administration are most concerned about losing their jobs to AI. Meanwhile, older employees are not so concerned about themselves as they think they will retire before AI takes over their jobs. They have shown concern for the coming generations. 

Sources

  1. Goldman Sachs. The Potentially Large Effects of Artificial Intelligence on Economic Growth 
  2. OpenAI. GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models
  3. Business Insider. AI could eliminate nearly half of US jobs
  4. Daily Mail. Is this the start of the AI jobs bloodbath?
  5. Challenger Report. Layoffs jump in May on tech
  6. Socius. Are Robots Stealing Our Jobs? Perception versus Experience
  7. SnapLogic. Employees Want More AI in the Workplace
  8. IBM. Global AI Adoption Index 2022
  9. Statista-AI Adoption. Rate of generative AI adoption in the workplace in the United States 2023, by industry
  10. PWC. Hopes and Fears 2022 
  11. Microsoft.  How AI will change the way we work
  12. BMG Research. Generation AI fears for jobs as half of the UK public thinks robots will act against human interests
  13. Authority Hacker. The Present And Future Of AI At Your Fingertips
  14. World Economic Forum. The Future of Jobs Report 2020
  15. Gov.uk-AI Jobs. Government commits up to £3.5 billion to the future of tech and science
  16. Upwork. C-suite to Increase Hiring as a Result of Generative AI, According to New Upwork Study
  17. CNBC. More than half of Europeans want to replace lawmakers with AI
  18. Oxford University. The Future of Employment: How Susceptible Are Jobs to Computerisation? 
  19. IoT for All. The Impact of Artificial Intelligence – Widespread Job Losses
  20. Fortunly. Automation and Job nonprofitLoss Statistics in 2020 – The Robots Are Coming
  21. University of Saint Thomas. Artificial Intelligence and Its Impact on Jobs
  22. McKinsey and Company. Jobs lost, jobs gained: What the future of work will mean for jobs, skills, and wages
  23. The Washington Post. People around the world think that robots will soon take most human jobs — and that people will suffer
  24. American Action Forum. Understanding Job Loss Predictions From Artificial Intelligence

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