Is AI diminishing jobs or creating jobs?

There have been lots of developments in the IT and Marketing sector in the last 12 months with the introduction of AI assistants. However, there are roles gaining momentum including prompt engineers, AI content creators, machine learning and deep learning engineers, data scientists, AI chatbot developers, and professionals with model tuning and AI model integration expertise.

There have been worries that AI is going to replace jobs, but currently, there is a need for engineers to support the AI computers.

Upwork is a freelancing platform based in San Francisco that has been monitoring the developing possibilities of AI in business. AI is now the fastest-growing category on Upwork in the first half of 2023, as measured by the total number of individuals hired.

“We’re seeing that businesses are looking for independent professionals on Upwork with expertise in AI tools like ChatGPT, DALL-E, Midjourney, Stable Diffusion, Jasper, and more,” Dave Bottoms, who leads marketplace organisation on Upwork said. “These job posts are up 230% in Q2 2023 compared to Q4 2022.”

There seems to be a love-hate relationship with AI for all types of companies.

 Advantages of AI (job creation):

•             New job roles created by AI

•             Enhanced productivity and efficiency in existing jobs

•             Opportunities for upskilling and reskilling

•             Innovation-driven economy

Disadvantages of AI in the job market:

•             Potential job displacement due to automation

•             Inequality in access to new jobs created by AI

•             Ethical concerns regarding job replacement by machines

If used as a tool for brainstorming and improving productivity within companies, then it should be celebrated! However, there is a threat to certain jobs such as copywriting and threats in the education sector due to AI. For example, schools now need to have the tools to check that essays are not being produced by AI.

As some jobs maybe be in decline from AI taking over, there are others appearing, such as prompt engineers and integration expertise.

What do you think about the advancements of AI?