Summary:
- Artificial Intelligence (AI) is expected to have a significant impact on jobs and employment in the coming years. By 2025, AI could replace up to 85 million jobs worldwide.
- The impact of AI will be felt more by younger workers, as AI is likely to automate many entry-level and routine tasks. This could lead to higher youth unemployment rates.
- Companies are already implementing hiring freezes and automation to cut costs, which further exacerbates the problem of job loss due to AI. The uncertainty around the impact of AI on the job market is a major concern for both workers and employers.