Is Artificial Intelligence Replacing Jobs? Here's The Truth

Sep 18, 2018

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A robotic arm assembles an electronic calculator at the Convention on the Exchange of Overseas Talents in Guangzhou Image: REUTERS/Stringer

John Hawksworth

Chief economist, PwC

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How AI can both destroy and create jobs through the displacement and income effects (this is a simplified analysis – in practice there will be a more complex range of economic effects at work as captured in our detailed modelling) Image: PwC

artificial-intelligence-replacing-jobs-Estimated-displacement-graph

Estimated displacement, income effect and net effect of AI and related technologies on jobs in China and the UK over the next 20 years Image: PwC

Estimated net effect of AI on jobs by industry sector in China (millions and %) Image: PwC

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