What Will Be Wage of Workers in Age of AI?
Islamabad: Artificial intelligence (AI) will probably have an impact on employment rates, which will also have an impact on how much employees are paid. While some repetitive and physical duties might be automated, researchers predict that the majority of human workers will increase due to AI, which will result in more complex and intellectual tasks. Salary increases for workers are anticipated as a result of increased productivity and additional job opportunities.
Daron Acemoglu, an economist at MIT, continued by saying that not all workers may benefit equally from AI. There is a danger that businesses won’t distribute the financial benefits of improved productivity to workers but instead choose to keep them for themselves.
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According to studies, AI could limit earning potential and possibly shorten working hours by shifting pay from employees to corporations, particularly in hourly and low-skilled professions.
Additionally, AI-driven worker monitoring may have an impact on compensation because some businesses use AI to assess productivity and set salaries. The result might be algorithmic wage discrimination, in which employees are compensated drastically differently. The application of AI is expanding globally, not just in the US.
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It’s important to maintain harmony between the two. It’s unclear who workers will be most impacted by AI, as both highly trained and less skilled people may run into difficulties. Highly talented workers are just as susceptible to automation as their less skilled counterparts, according to some experts.
However, according to one expert, Muro, “nobody gets off scot-free her.” Workers will need to adapt and participate in talks to positively influence the outcome as AI technology continues to develop in the future.
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