A.I. Automation's Impact on Jobs

– Artificial intelligence (AI) could automate up to a quarter of work in the U.S., according to a Goldman Sachs report.

– Two-thirds of jobs in the U.S. and Europe could be automated to some degree, leading to significant disruption in the labor market.

– Around the world, approximately 300 million jobs could be affected by AI automation.

– Jobs that involve physical work are less likely to be significantly affected by AI automation.

– In the U.S., office and administrative support jobs have the highest proportion of tasks that could be automated (46%), followed by legal work (44%) and tasks within architecture and engineering (37%).

– The life, physical, and social sciences sector and business and financial operations are also among the most affected, with 36% and 35% of tasks that could be automated, respectively.

– Industries with the least vulnerability to automation in the U.S. include building and ground cleaning and maintenance (1%), installation, maintenance, and repair work (4%), and construction and extraction (6%).

– In Europe, clerical support roles are most affected (45% of work could be automated), while crafts and related trades have the least vulnerability (4%).

– Globally, approximately 18% of work could be automated by AI on an employment-weighted basis.

– The top five most affected countries by AI automation are projected to be Hong Kong, Israel, Japan, Sweden, and the U.S.

– Mainland China, Nigeria, Vietnam, Kenya, and India are the least likely to see their work being taken over by AI technology.

– The use of AI technology has the potential to boost labor productivity growth and global GDP by as much as 7% over time.

– The impact of AI on the labor market will depend on the capability and adoption timeline of AI technology.

– It is still unclear how disruptive AI will be, as it depends on the power and utilization of AI technology.

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