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I often see discussions claiming that AI will take away jobs, but according to Morgan Stanley's latest report, the opposite scenario has actually been repeated throughout history.
The company tracked 150 years of technological evolution and found that from electrification to the advent of the internet, no technological innovation has completely eliminated human jobs. Instead, it has created new occupations and industries. The same pattern is expected to occur with AI, with new roles such as Chief AI Officer and governance specialists emerging, and hybrid jobs increasing across various industries.
Of course, there are dissenting opinions. Some economists point out that as AI automates cognitive tasks, the value of human expertise itself could decline. This raises concerns about a disconnect between corporate profit growth and employment growth.
But what is the reality? Currently, about 30% of companies implementing AI have already reported measurable improvements in finances and productivity. This is a significant increase from 16% a year ago. In other words, many companies are still in the stage of assessing AI's impact on employment. How AI will change the labor market depends more on how companies and society adapt than on the technology itself.