Morgan Stanley: Artificial intelligence will change the employment structure rather than cause mass unemployment

On February 26, Morgan Stanley’s latest research report stated that artificial intelligence will not lead to widespread permanent unemployment but will change the employment structure and create entirely new job positions. The report references the history of technological changes over the past 150 years, noting that technological advances from electrification to the internet have changed the labor market but have not replaced human labor. It is expected that emerging positions such as Chief AI Officer, AI Governance Expert, and hybrid roles across various industries will appear in the future. However, some economists warn that, unlike in the past, the automation of cognitive tasks by AI may devalue human expertise, and corporate profit growth could become decoupled from employment growth. Currently, 30% of AI “adopter” companies report achieving quantifiable financial or productivity gains, a significant increase from 16% a year ago.