The AI Job Takeover: Shocking Facts Revealed!
AI and Job Displacement: Examining the Impact of ChatGPT on the Workforce
Introduction
The future is here, and it's disrupting industries faster than you can say 'artificial intelligence'! Don't miss this eye opening exploration.
Is this you or someone in your family.
I just spent 4 years at university to train for a profession that will not exist in a few short years or even worse i have given half my life to a profession that is about to be obsolete.
What the bleep am i supposed to do? If this touches a nerve you may want to stick around.
After publishing the video “the ai job crisis” and I finished the first three blogs examining how AI is affecting the art industry professions.
I realized I needed to delve alot deeper and get some cold hard facts and statistics on board so i could help my community best, and bloody oath I found some ripper facts.
In this follow-up to my original video, we're diving even deeper into the world of AI, armed with more comprehensive data and statistics to shed light on this pressing issue.
So, brace yourself and join us on this eye opening journey as we unravel the next wave of AI's impact on industries and jobs.
You won't want to miss it. Trust me this is one ride you'll want to stay on until the end.
The integration of artificial intelligence (AI) technologies, such as ChatGPT, into various industries has given rise to concerns about job displacement and the future of work.
This blog and video will delve into the potential impact of AI on jobs, highlighting the results of several surveys one involving 1000 U.S. business leaders and exploring specific industries that might be significantly affected by AI.
Survey Results: ChatGPT and the Workforce
Here are some facts from 1000 U.S. business leaders surveyed in February to gauge the use and impact of ChatGPT in their companies:
49% of companies currently use ChatGPT, with 93% of them planning to expand its use.
30% of companies plan to start using ChatGPT, with 85% of them intending to do so within the next 6 months.
48% of companies using ChatGPT have replaced workers since November.
25% of companies using ChatGPT have saved over $75,000.
90% of business leaders consider ChatGPT experience a beneficial skill for job seekers.
ChatGPT Applications Across Industries
1. Hiring and Talent Acquisition
Companies are using ChatGPT to facilitate hiring processes:
77% use ChatGPT to write job descriptions.
66% use it to draft interview requisitions.
65% use it to respond to applicants.
2. Writing Code
66% of companies using ChatGPT utilize it for writing code, allowing employees to focus on more strategic initiatives.
3. Copywriting and Content Creation
58% of companies using ChatGPT employ the technology for copywriting and content creation tasks.
4. Customer Support
57% of companies use ChatGPT to handle customer support, streamlining the customer experience.
5. Summarizing Meetings and Documents
52% of companies use ChatGPT for creating summaries of meetings or documents, improving efficiency in information dissemination.
Job Displacement and the Future of Work
According to the survey:
33% of business leaders believe ChatGPT will 'definitely' lead to layoffs by the end of 2023.
26% think it will 'probably' result in layoffs.
Within 5 years, 63% of business leaders think ChatGPT will 'definitely' (32%) or 'probably' (31%) lead to layoffs.
However, among business leaders whose companies haven't started using ChatGPT but plan to, fewer anticipate layoffs:
Only 9% say their company's use of ChatGPT will 'definitely' lead to layoffs.
19% say 'probably.'
Adapting to ChatGPT: A Valuable Skill for Job Seekers
The survey revealed that:
92% of business leaders view AI/chatbot experience as a plus when assessing job candidates.
90% find ChatGPT-specific experience beneficial.
My Thoughts
The rise of AI in the workforce, starting with just the use of ChatGPT let alone everything else going on, is not just a possible future it is here and now, This is both exciting and terrifying. It offers potential improvements in efficiency and streamlining of various industries, but also poses the risk of displacing millions of jobs.
To stay relevant and competitive, workers and industries must adapt and evolve as technology continues to advance. Please forgive me I am trying so hard not to use my catchphrase here but i cant help myself.
“The avalanche has started, Either ride the wave of change or get buried by the weight of the future”.
Thanks for reading and or watching my videos and i hope you will continue to provide me with jobs you would like me to research and help i can provide for you in the future.
As AI technologies like ChatGPT continue to gain momentum in the business world, it is essential for both employers and employees to stay informed and adapt to these changes.
Embracing AI-driven tools and acquiring relevant skills will be crucial in ensuring a smooth transition and securing a place in the future workforce.
Don't worry, I have your back. I will continue to provide as many relevant and researched blogs and videos as possible to help my community adapt and succeed in the world that we are about to be forcibly shoved into.
Sources for this and my previous blog the AI job crisis:
ResumeBuilder.com (2023). ChatGPT Survey.
Arianna Johnson, Forbes (2023). Which Jobs Will AI Replace? These 4 Industries Will Be Heavily Impacted.
Goldman Sachs (2023). Generative AI Impact on Jobs Report.
University of Pennsylvania and OpenAI (2023). Workforce Automation Study.
Cambridge Centre for Alternative Finance and the World Economic Forum (2023). AI in Banking Report.
Salesforce Research (2020). AI Usage in Marketing Report.
Legal Services Corp (2022). Access to Legal Help Report.
BBC (2023). AI-written news predictions by Kristian Hammond, Chief Scientist of Natural Sciences.
Washington Post (2023). AI in Finance Interview with Abhijit Bose, Capital One Senior Vice President.
World Economic Forum (2023). AI's Impact on the Finance Division.
Social Science Research Network (2023). ChatGPT in Legal Services Paper by Andrew Perlman, Suffolk University Law School Dean.
