Even if the revolution is not shown on television, it will be automated. A recent study found that women are more likely than males to lose their careers to AI, indicating that technology is not affecting everyone’s occupations equally.
A third of US labor hours might be automated by the end of the decade, according to research this week from the McKinsey Global Institute. 12 million individuals will need to shift employment as a result of automation and AI, and women will be 1.5 times more likely to do so.
This is because more women work in lower-paying fields like office work and customer service, which the survey predicts would experience a more pronounced decline as a result of automation and AI. It continues by stating that those in lower-paying professions may need to change careers up to 14 times more frequently than those in higher-paying positions.
Black and Hispanic employees, who are “highly concentrated” in some of those declining jobs, as well as those without college degrees, are among those who run the danger of having to find new employment. Most crucially, before they can switch to different industries, those workers will probably need to acquire new skills or training.
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The number of job shifts—or transitions from one occupation and another—in the US labor market increased dramatically between 2019 and 2022. According to McKinsey, the study includes 8.6 million career transitions, a 50% rise over the previous three years. It continues that the lower-paying areas including food services, customer assistance, office support, and production accounted for half of those 8.6 million employment changes.
According to the research, “Demand for lower-paying service work remains, but fewer workers are accepting these roles.” There have been an additional 3.5 million high-wage jobs created, but it’s unclear whether these positions were filled by newcomers to the market or by lower-paid workers who were able to advance into higher-paying positions.
