Dr Mark van Rijmenam, CSP’s Post

🚀 The Impact of AI on the Labour Market 🤖💼 AI is rapidly transforming industries, reshaping the job market, and changing the way we work. The Tony Blair Institute highlights key insights on how AI might impact the workforce: 📉 Job Displacement & Creation AI and automation are set to replace repetitive jobs, particularly in manufacturing and data processing. However, AI is also expected to create new roles, particularly in tech, healthcare, and creative fields. 🔄 Job Transformation Instead of fully replacing jobs, AI will often assist workers in making better, faster decisions. This shift can lead to more efficient work processes and allow employees to focus on complex tasks that require human intuition and creativity. 📈 Upskilling & Lifelong Learning The demand for AI-related skills is growing fast. To stay competitive, workers may need to continuously update their knowledge and develop new digital, analytical, and creative skills. 🌐 Economic Inequality While AI can drive economic growth, there’s a risk of increasing inequality as high-skilled workers see greater benefits than those in lower-skilled roles. Ensuring fair access to education and training programs is essential to bridging this gap. 🌱 Future-Proofing the Workforce Preparing for AI’s impact involves governments, businesses, and individuals working together to build a resilient workforce. Investing in education, developing inclusive policies, and promoting ethical AI usage are crucial steps. AI offers both challenges and opportunities. The key is to leverage its potential while preparing the workforce to adapt to a rapidly evolving job landscape. 🌍💡 #FutureOfWork #AI #LabourMarket #JobTransformation #TechForGood #AIImpact

The office landscape is rapidly changing. A new Microsoft-LinkedIn study reveals a staggering 75% of knowledge workers now rely on AI tools. This surge, nearly doubling in just six months, highlights AI's growing importance in managing today's ever-increasing workload. While employees rave about AI's benefits – time savings, focus on critical tasks and even a creativity boost – companies are struggling to harness their full potential. Leaders recognise its value, but many lack a clear strategy to translate AI into tangible results. The report unveils a fascinating generational trend: Gen Z leads the charge with 85% AI usage, followed closely by Millennials and Gen X. Interestingly, despite job displacement fears (45% of employees are worried), AI skills are becoming the golden ticket. A whopping 66% of employers wouldn't even consider candidates lacking them! The future of work is clear: AI is here to empower, not replace. As it transforms every aspect of our jobs, those who embrace AI will be the ones rocketing ahead. #AILandscape #FutureOfWork #AIinBusiness #WorkplaceAI #AIIntegration #DigitalTransformation #AIAdoption #GenZandAI #AIinEmployment #EmpoweredByAI

So. LinkedIn co-founder Reid #Hoffman said: "Your 9-5 job will be extinct by 2034 due to #AI." Hoffman believes AI will drive a shift where people won’t stick to one #career. Instead, they'll work in multiple industries, juggling different jobs or gigs simultaneously. This made me think, and I would somewhat strongly #disagree! His prediction about the future of work raises important questions about how we will adapt to the #impact of AI. While the idea of people working multiple jobs across various industries is a potential outcome, I believe we need to think beyond and rethink our #economic systems and #social safety nets. As AI automation progresses, it's crucial that we also consider the implications for #compensation models and the cost of living. If AI can automate many tasks and jobs, perhaps we should explore how it could also help reduce living expenses in parallel. This paradigm shift may require us to fundamentally rethink our economic systems and social safety nets. We should consider how to fairly distribute the benefits of AI productivity gains to ensure that everyone can maintain a decent standard of living, even if the nature of work changes dramatically. Ultimately, the conversation needs to evolve beyond the impact on individual jobs and careers. We must proactively shape policies and systems that allow society as a whole to thrive in an AI-driven future. This will likely require innovative ideas and bold experiments in areas like universal basic income, affordable housing, healthcare, and education. I'm curious to hear others' thoughts on how we can best prepare for and adapt to these transformative changes on the horizon. What role do you think businesses, governments, and individuals need to play to create a future of work that benefits everyone?

✅ AI Trends for 2024: Transforming the Workplace As we move into 2024, artificial intelligence (AI) continues to reshape our professional lives. Here are some key trends to watch: ✔ Widespread Inclusivity: AI is becoming a powerful tool for workers with disabilities, with technologies like speech-to-text and text-to-speech breaking down barriers and fostering inclusion. As these tools become mainstream, they will benefit everyone by providing access to a wider range of information. ✔ Equitable Hiring and Layoffs: AI is set to make hiring and layoffs more equitable by reducing algorithmic bias. Companies are already using AI to reallocate budgets and move workers to in-demand positions, potentially reducing layoffs and supporting marginalized groups. However, human bias in hiring remains a challenge. ✔ Centering Diversity in Hiring and Training: Evolving AI tools will help ensure that marginalized individuals are not disadvantaged when starting new jobs. Investments in inclusive technologies and regulations like the EU's AI Act will drive these changes, making hiring platforms more equitable from the start. ✔ Employee Upskilling: While AI may replace some roles, it will also create new opportunities for those willing to learn. Companies will invest in upskilling through workshops, partnerships with academic institutions, and mentoring schemes, helping employees stay competitive in an AI-driven workforce. ✔ Regulation Challenges: As AI technology advances rapidly, regulation struggles to keep pace. A successful framework will require global collaboration to protect job security and privacy. Concerns about AI's impact on jobs are leading to increased stress and anxiety among workers. ♻ The takeaway: AI in the workplace is here to stay. Employees and businesses alike must adapt swiftly to these changes to thrive in the year ahead. #AI #ArtificialIntelligence #FutureOfWork #Technology #Innovation #Inclusion #Upskilling #Diversity #Regulation

Generative AI is set to reshape the workforce significantly, impacting over 30% of workers with at least half of their tasks disrupted, particularly affecting women in clerical positions. This technology is more likely to augment jobs rather than replace them outright, yet the potential for significant disruption in higher-paying fields is evident. The report stresses the importance of proactive strategies to include workers in AI design and ensure benefits are shared equitably. Reflecting on my own experiences in professional environments, it's clear that as AI increasingly enters our workplaces, engaging workers in its development and implementation is crucial. Have you considered how generative AI might change your current role? The urgency for businesses and policymakers to address these changes cannot be understated. Worker retraining and meaningful public policies must be prioritized to minimize risks of job loss and inequality while maximizing productivity gains from AI. What is your perspective on AI’s impact on your field? Are you prepared for these upcoming changes? 💼🤖 #GenerativeAI #FutureofWork #WorkerEngagement Source: https://lnkd.in/gpwQyqtx

Are YOU ready for AI to take your job? Over *53%* of workers are worried, but it seems companies are doing next to NOTHING to help! The latest report by Reeracoen Group & Rakuten Insight https://lnkd.in/giiSumH7 reveals a startling truth: Generational divides are HUGE when it comes to AI adoption, and guess what? It’s Gen Z leading the charge while older generations are being left behind. 😳 Here’s the kicker:  - Gen Z is the most worried about AI taking their jobs in the next 1-5 years, but they’re also the ones taking proactive steps - learning tech skills and staying ahead of the curve. - Meanwhile, many Baby Boomers think they’re safe … are they being too complacent? What’s worse? Companies aren’t stepping up to the plate. Only *8.6%* of workers feel their employers are doing ENOUGH to prepare for AI-driven changes. So, who’s responsible here - employers or employees? 🧐 If you’re NOT learning AI, you’re already behind! Are companies dropping the ball? Or should employees take charge of their own future? 🔥 Let’s debate:  1. Is YOUR company preparing you for the AI takeover?  2. Are YOU upskilling, or do you think your job is safe? Comment below 👇 because in 5 years, we might ALL be replaced by a chatbot… or maybe not. 🤖 #AI #FutureOfWork #JobSecurity #TechRevolution

💻As humans, we tend to be reluctant to embrace change, especially when it comes to the unknown. We often perceive it as negative or even harmful. Right now, this fear surrounds AI and its potential impact on the labor market. But let’s take a step back. When spreadsheets emerged, they didn’t end job opportunities for accountants and bookkeepers. Instead, they created a different set of opportunities, evolving roles while replacing others, that’s just one of many examples. According to a recent study by the World Economic Forum, 40% of jobs will be affected by AI, with that number potentially reaching 60% in developed economies. Half of those roles may experience a negative impact, making reskilling essential for affected workers. In a fast-paced world driven by technology, large language models and AI will become a part of our daily lives. The key is to view this as an opportunity, not a threat. It’s time to continue learning, adapt, and leverage these advancements to stay ahead. https://lnkd.in/gwTp8tYf #AI #FutureOfWork #Reskilling #Technology #Automation #Innovation #ArtificialIntelligence #CareerGrowth #DigitalTransformation #LearningAndDevelopment #Opportunities

Historically, economists believed that technological progress would ultimately benefit workers by increasing productivity and creating new job opportunities. However, recent developments in AI have shown that automation can exacerbate inequality and displace middle-wage jobs without necessarily creating equivalent new opportunities. While AI can automate routine and repetitive tasks, potentially impacting jobs in sectors like transportation, customer support, and data analysis, it also creates new opportunities. AI augments human capabilities, enabling job transformation and the emergence of new roles. The key lies in acquiring skills that complement AI systems. Industries are adopting AI to enhance processes, drive innovation, and improve efficiency. As technology advances, individuals must adapt, upskill, and embrace AI as a tool to remain relevant in the evolving job landscape. A balanced approach involving strategic planning and proactive policymaking is crucial to harnessing AI's benefits while preparing the workforce for the new employment landscape https://lnkd.in/dEntGKxT #artificialintelligence #jobdisplacement #automation #AIimpact #futureofwork #reskilling #upskilling #jobmarket #AIjobs #technologicaladvancement #workforce #AIintegration #economicimpact #jobcreation #AIandhumans #AIbenefits #AIchallenges #AIeconomy #AItransformation #AIadaptation

The #WorldEconomicForum predicts that 85 million jobs may be displaced by AI by 2025. But there’s a silver lining too: 97 million new roles are expected to emerge, better suited to the evolving division of labor between humans, machines, and algorithms. This shift highlights the need for businesses to adapt quickly At Bloor Research, we believe the fusion of Digital and Human Worker will drive this transformation forward—helping companies not only retain their talent but upskill employees for roles where creativity, emotional intelligence, and strategic thinking are key. The future workforce will be one of collaboration between humans and technology. Is your organization ready for this shift? If not, then drop me a message and we will ensure that you are not just ready for this, but you champion it! #BeFutureReady #DigitalandHumanfusion #fusionwork #DigitalWorkers #AI #AIworkforce #HRLeaders #nolayoffs #noredundancies #futureofwork

In the evolving landscape of AI policy, I believe Workforce policy stands out as one of the most likely to generate significant change in the coming years (but National Security and Data Privacy could easily be argued as the number one priority). AI is reshaping white-collar tasks at a rapid pace, creating both opportunities and challenges. As AI-driven "agents" take on tasks traditionally performed by humans, the potential for job displacement is considerable. This shift in the workforce is unlikely to be gentle, making it an urgent policy area to address. Governments may respond by introducing new taxes on agent labor to capture funds that can be redirected toward retraining displaced workers. This approach serves a dual purpose: it not only generates necessary revenue but also helps to balance economic inequality created by rapid automation. Moreover, regulatory measures may be introduced to slow the adoption of AI in specific sectors, protecting existing jobs and easing the transition for workers who need time to adapt. Workforce policy intersects with urgency, visibility, and feasibility—three core elements that often drive policy change. With AI’s impact extending across industries, the public interest in this issue is high, and the potential for intervention is clear. As policymakers aim to balance innovation with economic stability, the workforce is likely to become a central focus in AI regulation. Ultimately, as AI transforms industries and reshapes employment patterns, a thoughtful approach to workforce policy will be essential. It’s not just about managing the disruption—it’s about creating a more resilient and adaptable workforce for the future. Would love to hear your thoughts on how you see this playing out! #AI #FutureOfWork #WorkforcePolicy #Innovation Credit to Bridget Neill and John Hallmark for their insightful piece on US public policy.