The Central Bank of South Korea issues a warning that artificial intelligence advancements could eliminate around four million jobs across the country.

A recent study by the South Korea Central Bank Those with higher incomes and better educational qualifications appear to be at a greater risk of displacement, as AI technologies could effectively manage their analytical and cognitive functions.

Fields such as chemistry, medicine, law, accounting, and investment management are among the most at risk, while roles in spirituality, food service, education, and music seem to remain safe due to the irreplaceable human elements of empathy and personal interaction. artificial intelligence The study highlights an interesting demographic finding: men are more susceptible to job replacement by AI compared to women, mainly because women dominate face-to-face service occupations.

Although South Korea is a leader in implementing robotics to tackle issues related to an aging population, it ranks low in terms of actual AI application in industry.

Moreover, this study points out that the proliferation of AI will likely generate a heightened demand for talent in STEM fields, reinforcing the need for individuals to cultivate soft skills such as effective communication and teamwork.

AI is Disrupting Traditional Knowledge Work, Yet Boosting Productivity

The Central Bank's investigation underscores AI's contradictory role as a groundbreaking tool for productivity, while also causing significant upheaval within white-collar job sectors worldwide.

Concerns regarding the economic implications of generative AI reflect the looming risks faced by professionals in knowledge-based roles.

The South Korea With AI's enhanced comprehension of natural language, we are observing greater capabilities for automation in technical roles, especially in tasks that consume a substantial part of the workday.

A recent McKinsey study Technologies like generative AI could automate tasks that currently take up 60 to 70 percent of an employee's time, making them highly influential in reshaping jobs that require education and typically higher pay.

Even with the potential upheaval for knowledge workers, generative AI is expected to significantly boost productivity across the globe.

Currently, generative AI It's important to note that the information on this page is not meant to serve as any form of legal, tax, investment, financial, or other professional advice. Remember to only invest what you can afford to lose, and if in doubt, consult independent financial advice. For additional guidance, please refer to the terms, conditions, and support resources available from the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, but remember that market conditions may fluctuate unpredictably.

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