How AI is infiltrating the labor market
03/08/2024 23:32
February jobs numbers came in hotter than expected Friday, but unemployment ticked up to 3.9%. The gains were uneven across sectors, with AI jobs alone up 42%, revealing increased demand for the technology as adoption spreads. Kelly CEO and President Peter Quigley joins Yahoo Finance to discuss whether AI is replacing jobs as it infiltrates the labor market. Citing the World Economic Forum, Quigley states that AI will "create more jobs than it destroys" with the proper use of "guardrails and guidelines." While AI in the workplace could improve productivity, it may leave some jobs exposed, Quigley explains: "Jobs that are going to be impacted, financial analysts, court reporters, anything that tends to be...that has a lot of repetition and a lot of data analytics will be potentially replaced. On the other hand, there are jobs that are going to benefit content writers who no longer have to generate content but will be able to focus on the user interface and the interaction with the end user. " For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
February jobs numbers came in hotter than expected Friday, but unemployment ticked up to 3.9%. The gains were uneven across sectors, with AI jobs alone up 42%, revealing increased demand for the technology as adoption spreads.
Kelly CEO and President Peter Quigley joins Yahoo Finance to discuss whether AI is replacing jobs as it infiltrates the labor market.
Citing the World Economic Forum, Quigley states that AI will "create more jobs than it destroys" with the proper use of "guardrails and guidelines." While AI in the workplace could improve productivity, it may leave some jobs exposed, Quigley explains: "Jobs that are going to be impacted, financial analysts, court reporters, anything that tends to be...that has a lot of repetition and a lot of data analytics will be potentially replaced. On the other hand, there are jobs that are going to benefit content writers who no longer have to generate content but will be able to focus on the user interface and the interaction with the end user. "
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino