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CARBS Business Review

Mr. Artificial Intelligence (AI); Are you replacing human beings?

Dr. Muhammad Rafiq

29 May, 2023

Mr. Artificial Intelligence (AI)

The debate surrounding AI’s potential impact on the job market remains unresolved due to conflicting opinions among experts in the field. While some argue that AI is displacing human labor and leading to increased unemployment, proponents of the technology counter that it is actually creating new opportunities.

 

Philosophers and scholars have engaged in extensive debates regarding the influence of AI on the job market, yet a consensus has not been reached. Concerns have been raised about the eventual replacement of human workers by artificial intelligence (AI), which would have negative repercussions on the economy. Advocates of this view contend that as AI systems advance, they will progressively automate various human tasks, rendering certain occupations obsolete.

 

On the other hand, there are many who argue that artificial intelligence not only poses a threat to jobs but also drives novel possibilities. They suggest that as AI technologies develop, they have the potential to enhance productivity, expand human capabilities, and tap into previously unexplored areas of the economy. According to this theory, AI should be employed to automate mundane and repetitive tasks, thereby enabling individuals to focus on more engaging, innovative, and significant aspects of their work.

 

The question of how artificial intelligence affects the labor market is complex and multifaceted. Numerous factors, including evolving technologies, societal adjustments, and legislative responses, influence the nature of AI’s impact on employment. While AI can potentially replace workers in specific industries, it also holds the potential to generate employment opportunities in emerging fields such as AI research and development, data analysis, cybersecurity, and more.

 

Promoting ongoing discussions, encouraging research, and emphasizing the importance of continuous upskilling and reskilling are crucial in navigating this intricate landscape and preparing individuals to confront the challenges of a changing labor market while seizing the opportunities presented by AI’s transformative potential. It’s worth noting that in 2013, Frey and Osborne published an extensively cited analysis predicting that nearly half (47%) of US employment was at high risk of automation in the coming decades.

 

However, it is important to consider these projections with caution, as the actual impact may vary depending on technological and sociological developments, as well as the emergence of new job opportunities.

 

AI and automation have the potential to automate repetitive and routine processes in various sectors, including manufacturing, transportation, and customer service. Occupations such as manufacturing and assembly line workers, customer service representatives, content writers and proofreaders, truck drivers and shipping clerks, day traders and portfolio managers, and many more are at risk.

 

However, it is important to note that while certain jobs may be lost due to automation, AI can also provide assistance in numerous ways, such as improving skills, enhancing productivity, and opening up new career paths in fields like data analysis, cybersecurity, and more.

ChatGPT (Generative Pre-trained Transformer) answered my question, "Are you replacing human being?" with the following information.

Given that humans are the creators of AI models, it is logical to focus our efforts on honing our skills, fostering our abilities, and pursuing innovative ideas. While there have been instances of job losses, it is important to note that numerous new employment opportunities have emerged as a direct consequence. We should leverage this situation to optimize output and enhance productivity.

Dr. Muhammad Rafiq

Dr. Muhammad Rafiq

Dr. Muhammad Rafiq is an Associate Professor and Manager Training & Development (ID-92, an Incubation Centre) in Superior University. He has done his PhD in Enterprise Management from North China Electric Power University (NCEPU) at China.

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Disclaimer

Please note that all opinions, views, statements, and facts conveyed in the article are solely those of the author and do not necessarily represent the official policy or position of Chaudhry Abdul Rehman Business School (CARBS). CARBS assumes no liability or responsibility for any errors or omissions in the content. When interpreting and applying the information provided in the article, readers are advised to use their own discretion and judgement.

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