Displacement

The rise of AI technologies has led to concerns about job displacement, where machines and algorithms replace human labour in various sectors. Tasks traditionally performed by humans - such as data entry, customer service and even complex decision-making - can now be automated, potentially leading to a significant reduction in job opportunities. While some jobs may be created in emerging areas related to AI development and maintenance, the immediate impact often leads to job losses in more routine, repetitive roles. This shift will require a reassessment of the skills and adaptability of the workforce, as employees will either need to upskill or move into roles that require a distinctly human touch.