Workforce and Employment

Is Artificial Intelligence Replacing Jobs? Here's The Truth

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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Workforce and Employment

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
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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Workforce and EmploymentFourth Industrial RevolutionEducation, Skills and Learning

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