By Olubode Maryam Omotunrayo
It’s suggested that AI could help boost productivity growth, leading to economic development and higher wages. For many economies experiencing labor shortages and low productivity growth, the findings highlight optimism around AI with the technology representing an opportunity for economic development, job creation and the creation of new industries entirely.
The Global Al Jobs Barometer report by PWC found that Al-related job postings have grown 3.5 times faster than other roles since 2016, with the UK, US, and Canada leading the way.
The report analyses over 500 million job ads from 15 countries and found that skills sought by employers were charging at a 25 per cent higher rate in occupations most exposed to AI.
According to the Global Markets and Tax & Legal Services Leader, PwC UK, Carol Stubbings, Al is transforming the labour market globally and presents good news for a global economy hindered by deep economic challenges and concerns around long-term business viability.