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There is no going back to the labour markets of yesteryear - that's how artificial intelligence is making inroads

Productivity has soared in sectors affected by artificial intelligence (AI), with more jobs using AI and offering wage premiums of up to 25%, according to PwC's Global AI Jobs Barometer, which analysed more than half a billion job ads in 15 countries.

Nincs visszaút a korábbi munkaerőpiacokhoz: így tör előre a mesterséges intelligencia-

In the sectors that are highly affected by the spread of AI (i.e. where AI can be easily used to perform certain tasks) - finance, IT and professional services - labour productivity has increased almost fivefold (4.8 times). The report reveals that the number of job postings requiring specific AI skills (such as machine learning) is now seven times as high as it was in 2012, and the number of job postings requiring AI skills is growing 3.5 times faster than the total number of jobs

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Jobs requiring AI skills can provide significant wage premiums



In the five largest labour markets for which wage data are available (US, UK, Canada, Australia and Singapore) surveyed in the study, jobs requiring specific skills in AI can command a significant wage premium (25% on average in the US), demonstrating the value of these skills to the businesses involved. Across industries (in the US, for example), this can be as high as 18% for accountants, 33% for financial analysts, 43% for sales and marketing managers and 49% for lawyers.



While there are many questions about the impact of technology on all aspects of business, from job security to the long-term viability of businesses, the survey highlights the positive developments for workers in the sectors most affected by AI. Indeed, workers with the skills to use AI are more productive and more valuable, leading to increased prosperity for both the individual and the economy.

The rise of AI in knowledge-based work sectors



The fastest growth in the proportion of jobs requiring AI skills is in knowledge-based work sectors. These include financial services (where the share of jobs requiring AI is 2.8 times higher than in other sectors), professional services (with a 3 times higher share) and information and communication (with a 5 times higher share)



M Márta Reguly, head of the HR consulting team at PwC Hungary, highlights the impact of AI on labour market transformation. A skills-based approach to recruitment and continuous investment in workforce training are the key to long-term success. The transition will not only depend on IT experts, but primarily on HR: building the right skills, motivating people to use new tools, and a corporate culture that emphasises adaptability and flexibility are all essential to operating effectively in an AI-dominated world," he stresses.



No going back to previous labour markets: skills development is essential



In the professions most affected by AI, the need for workers to constantly acquire new skills to remain relevant in their profession is even more acute. In these jobs, old skills are being lost and new skills are emerging at a rate 25% faster than in occupations less affected by AI. According to PwC's 27th Global CEO Survey,69% of CEOs expect AI to require new skills from their employees, and 87% of CEOs who already use AI.



"AI offers much more than just increased efficiency. In our work with clients, we see that companies are using AI to increase the value that their employees deliver," says Antal Kerekes, Partner, Business Advisory at PwC.



"Artificial intelligence is also a tool to address labour shortages in certain professions. By replacing certain steps in customer service or data analysis with machines, human labour can be focused on tasks such as innovation or improving the customer experience. If we can improve our performance, there are unlimited opportunities for organisations and people who are willing to invest in learning and applying technology,"



These will be the most important skills in an AI-dominated future



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