AI and the Job Market: Disruption or Correction Before the Next Boom?
The rapid rise of artificial intelligence has sparked heated debates about its impact on employment. Some argue that AI is wiping out jobs, while others suggest we’re witnessing a market correction that could set the stage for the next economic boom. Let’s break down the evidence and trends shaping this narrative. AI’s Dual Impact: Displacement and Creation AI and automation are certainly replacing some roles, especially those involving repetitive or predictable tasks in sectors like manufacturing and administration. However, history shows that technological revolutions often create as many jobs as they eliminate—just in different forms. AI is already generating demand for new roles such as data scientists, AI trainers, and machine learning engineers. Projections suggest up to 97 million new jobs could be created by 2025, particularly in tech-driven sectors. Market Correction, Not Collapse The current job market turbulence may reflect a transitional phase rather than a permanent declin...