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. 
In India, the fear of losing jobs to AI jumps to more than 70%. 
Microsoft’s India Work Trend Index reports that 83% of employees AI is reducing their workloads but fear it will replace them soon. 
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. 
Future Trends and Predictions of AI and the Job Market
British Telecom plans to replace 10k employees with AI in the next seven years or less. 
75% of Chinese citizens would like to replace politicians with AI. 
51% of Europeans support the move to replace politicians with AI. 
40% of Americans do not see a problem in handing governmental and administrative tasks to AI. 
With its efficient and data-driven approach, AI is predicted to generate $15.7 trillion for the economy by 2030. 
AI could take one billion people’s jobs and make 375 million jobs obsolete over the next decade worldwide. 
In the US, 45 million workers could lose their jobs to AI automation, representing about one-quarter of the workforce by 2030. 
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.
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.
Manisha is a digital writer providing guidance in career development and growth. She facilitates skill development and implementation of the right strategies for advancement. At Jobera, She documents content around the latest market trend analysis, insights, and career planning.