Impact of Generative AI on Workforce
The Impact of Generative AI on the Future of Work Automation has long been a source of concern and hope for the future of work. Now, generative AI is the latest technology fueling both fear and optimism. AI’s Role in Job Augmentation and Replacement While AI is expected to enhance many jobs, there’s a growing argument that job augmentation for some might lead to job replacement for others. For instance, if AI makes a worker’s tasks ten times easier, the roles created to support that job could become redundant. A June 2023 McKinsey report highlighted that generative AI (GenAI) could automate 60% to 70% of employee workloads. In fact, AI has already begun replacing jobs, contributing to nearly 4,000 job cuts in May 2023 alone, according to Challenger, Gray & Christmas Inc. OpenAI, the creator of ChatGPT, estimates that 80% of the U.S. workforce could see at least 10% of their jobs impacted by large language models (LLMs). Examples of AI Job Replacement One notable example involves a writer at a tech startup who was let go without explanation, only to later discover references to her as “Olivia/ChatGPT” in internal communications. Managers had discussed how ChatGPT was a cheaper alternative to employing a writer. This scenario, while not officially confirmed, strongly suggested that AI had replaced her role. The Writers Guild of America also went on strike, seeking not only higher wages and more residuals from streaming platforms but also more regulation of AI. Research from the Frank Hawkins Kenan Institute of Private Enterprise indicates that GenAI might disproportionately affect women, with 79% of working women holding positions susceptible to automation compared to 58% of working men. Unlike past automation that typically targeted repetitive tasks, GenAI is different—it automates creative work such as writing, coding, and even music production. For example, Paul McCartney used AI to partially generate his late bandmate John Lennon’s voice to create a posthumous Beatles song. In this case, AI enhanced creativity, but the broader implications could be more complex. Other Impacts of AI on Jobs AI’s impact on jobs goes beyond replacement. Human-machine collaboration presents a more positive angle, where AI helps improve the work experience by automating repetitive tasks. This could lead to a rise in AI-related jobs and a growing demand for AI skills. AI systems require significant human feedback, particularly in training processes like reinforcement learning, where models are fine-tuned based on human input. A May 2023 paper also warned about the risk of “model collapse,” where LLMs deteriorate without continuous human data. However, there’s also the risk that AI collaboration could hinder productivity. For example, generative AI might produce an overabundance of low-quality content, forcing editors to spend more time refining it, which could deprioritize more original work. Jobs Most Affected by AI AI Legislation and Regulation Despite the rapid advancement of AI, comprehensive federal regulation in the U.S. remains elusive. However, several states have introduced or passed AI-focused laws, and New York City has enacted regulations for AI in recruitment. On the global stage, the European Union has introduced the AI Act, setting a common legal framework for AI. Meanwhile, U.S. leaders, including Senate Majority Leader Chuck Schumer, have begun outlining plans for AI regulation, emphasizing the need to protect workers, national security, and intellectual property. In October 2023, President Joe Biden signed an executive order on AI, aiming to protect consumer privacy, support workers, and advance equity and civil rights in the justice system. AI regulation is becoming increasingly urgent, and it’s a question of when, not if, comprehensive laws will be enacted. As AI continues to evolve, its impact on the workforce will be profound and multifaceted, requiring careful consideration and regulation to ensure it benefits society as a whole. Like Related Posts Salesforce OEM AppExchange Expanding its reach beyond CRM, Salesforce.com has launched a new service called AppExchange OEM Edition, aimed at non-CRM service providers. Read more The Salesforce Story In Marc Benioff’s own words How did salesforce.com grow from a start up in a rented apartment into the world’s Read more Salesforce Jigsaw Salesforce.com, a prominent figure in cloud computing, has finalized a deal to acquire Jigsaw, a wiki-style business contact database, for Read more Service Cloud with AI-Driven Intelligence Salesforce Enhances Service Cloud with AI-Driven Intelligence Engine Data science and analytics are rapidly becoming standard features in enterprise applications, Read more
