Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Artificial intelligenceSTEMAutomationLatest NewsJob creation and losses

AI set to create more jobs than it replaces by 2037

by Ashleigh Webber 17 Jul 2018
by Ashleigh Webber 17 Jul 2018 The rise of AI in healthcare is set to create 22% more jobs in the next 20 years
The rise of AI in healthcare is set to create 22% more jobs in the next 20 years

Artificial intelligence (AI) will create as many jobs as it displaces over the next 20 years, but there will be “winners” and “losers” by industry sector.

While seven million jobs are to be displaced by emerging technology, according to analysis by PricewaterhouseCoopers (PwC), around 7.2 million jobs are likely to be created by 2037 – resulting in a small net increase in employment opportunities.

Artificial intelligence

Why robots should ‘report to’ HR

Can AI bridge the confidence gap for women in senior positions?

Industries set to benefit from more roles associated with AI include healthcare, which is likely to see a 22% increase in jobs, education (6%) and the professional, scientific and technical services sector (16%).

However, a quarter of manufacturing roles are likely to be replaced, 22% of transport and storage jobs will be lost and 18% of public administration roles will disappear.

PwC had previously indicated that 30% of jobs were set to be displaced by AI, but this has been revised down to 20%.

John Hawksworth, chief economist at PwC, suggested that employers could see large productivity gains by adopting AI, which will in turn create demand for additional workers in different roles.

“Healthcare is likely to see rising employment as it will be increasingly in demand as society becomes richer and the UK population ages,” he said. “While some jobs may be displaced, many more are likely to be created as real incomes rise and patients still want the ‘human touch’ from doctors, nurses and other health and social care workers.

“On the other hand, as driverless vehicles roll out across the economy and factories and warehouses become increasingly automated, the manufacturing and transportation and storage sectors could see a reduction in employment levels.”

But PwC warned that the government needed to address employers’ and workers’ concerns about job displacement by investing in “STEAM” skills – science, technology, engineering, art and design and mathematics – and encouraging workers to continually adapt their skills to complement AI’s abilities.

It also suggested that the government needed to “strengthen the safety net” for workers who find it difficult to adjust to technological developments.

Euan Cameron, UK AI leader at PwC, said: “Our research highlights where the biggest impacts will be and which areas are most vulnerable, so that businesses and government can plan how best to help people develop the skills that will prepare them for the future.

“As our analysis shows, there will be winners and losers. It’s likely that the fourth industrial revolution will favour those with strong digital skills, as well as capabilities like creativity and teamwork which machines find it harder to replicate.”

London is likely to see a 2% increase in jobs created by emerging technology over the next two decades. PwC claimed 28% of professional, scientific and technical roles are based there, along with 31% of the UK’s information and communications sector.

It’s likely that the fourth industrial revolution will favour those with strong digital skills, as well as capabilities like creativity and teamwork which machines find it harder to replicate,” – Euan Cameron, PwC

It estimated that the North and the Midlands will see a marginally negative net impact on jobs, “but only by 1% or less of existing job numbers”.

PwC recommended that industrial strategy should target job creation – supporting developments such as university research centres, science parks and other enablers of business growth.

It also urged the government to implement its AI strategy in full to maximise the income effect of the technology on jobs in the UK.

Competition should also be promoted, with the productivity gains from AI being passed on to consumers through lower prices.

Ashleigh Webber
Ashleigh Webber

Ashleigh is editor at OHW+ and part of the Personnel Today editorial team. Prior to joining Personnel Today in 2018, she covered the road transport sector for Commercial Motor and Motor Transport.

previous post
Growing your business with apprenticeships (webinar)
next post
Nine in 10 patients with heart disease live with multiple health conditions

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

You may also like

AI adoption: Skills shortages means UK lagging behind...

18 May 2022

Work in the metaverse: what should HR prepare...

1 Apr 2022

Estée Lauder staff win payout after being ‘sacked...

17 Mar 2022

TUC warns against employee monitoring after Post Office...

28 Feb 2022

Could the metaverse take hybrid work to the...

25 Jan 2022

Why algorithms at work aren’t all bad

18 Jan 2022

How HR can get ahead of AI regulation

4 Jan 2022

Year in review: Personnel Today editor Rob Moss...

10 Dec 2021

Personnel Today Awards 2021: Suite win for Bright...

16 Nov 2021

Algorithms assault workers’ dignity, hear MPs as they...

11 Nov 2021
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more
  • Why now is the time to plug the unhealthy gap PROMOTED | We’ve all heard the term ‘health is wealth’...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+