The revolution of artificial intelligence in the labor market

In the current era, artificial intelligence (AI) is marking a turning point in the labor and economic landscape at an unprecedented speed. According to PwC's "Global AI Jobs Barometer 2024," AI is playing a crucial role in the significant increase in labor productivity, leading to sustainable economic development, higher wages, and an improvement in people's living standards. The mentioned report reveals an impressive growth in the demand for AI-related jobs, which is growing at a rate 3.5 times faster than other positions. For every job opening that requires AI skills, there are currently seven, highlighting an acceleration in the adoption of this disruptive technology in the labor market. It is important to note that AI is not only redefining the labor market but also wages. Sectors such as financial services, information technology, and professional services are experiencing nearly five times higher labor productivity growth compared to areas less exposed to AI, demonstrating the positive impact this technology can have on the global economy. According to the study, 69% of CEOs anticipate that AI will require new skills in their teams, a figure that rises to 87% among those who have already implemented this technology in their operations. Likewise, it is observed that the most in-demand skills are evolving at a rate 25% faster in AI-related occupations, emphasizing the need for constant adaptation by workers to remain relevant in the current labor market. In countries like the United States, United Kingdom, Canada, Australia, and Singapore, salaries in AI-related jobs on average exceed those of other occupations by 25%. For example, in the U.S., this premium can range from 18% for accountants to 49% for lawyers, highlighting the added value of these skills in the current business environment. This technological revolution, similar to others in the past, is transforming the skills necessary for job success. Workers with AI training are more productive and valuable in the labor market, underscoring the importance of continuous training. In this way, both companies, workers, and policymakers share the responsibility of facilitating the acquisition of these new skills to ensure an effective transition to the digital economy. AI is driving a new era of productivity and prosperity in various sectors. Leaders who understand and adopt this technology are in a privileged position to lead innovation and progress in their organizations. The challenge and opportunity lie in empowering the workforce to adapt and thrive in this new technological environment, ensuring a bright and equitable economic future for all stakeholders involved in the global labor market.