How Will AI Impact Jobs?

Today, AI is advancing so fast that it beats people in many tasks. Concerns are raised whether AI will take our jobs in the future. In this paper, I reviewed recent AI progress and potential. Then I discuss AI’s impact on employment, including employment rate, wages, employment structure, and the nature of work. My opinion is AI will definitely cause technological unemployment, but not all jobs at risk will actually be substituted. Besides, AI will raise the wages of people who complement AI but reduce overall average wages, increasing inequality. Middle-class employment will decline, pushing workers down the occupational ladder or even out of work. In addition, AI will change the nature of work as well as the workers’ skills as more and more cognitive efforts are offloaded onto AI-related technologies.[……]