| Topic Monitor | Impact of AI on the Labour Market Still Low

Impact of AI on the Labour Market Still Low

The impact of AI is currently relatively minor, but it is expected to grow significantly. Reducing AI risks poses a challenge for politics.

The OECD study examines the influence of artificial intelligence (AI) on the labour market. AI stands out from previous technological innovations due to several factors. Firstly, it enables tasks to be automated that go beyond the scope of non-cognitive activities. Secondly, AI is a universal technology, which means that it is not limited to one sector or occupational field, but can be used in almost any field of work. Thirdly, the pace at which AI is being developed and advanced is unprecedented.

The study emphasises that the impact of AI on employment relationships has so far been relatively low, as the use of AI is currently not widespread and companies are waiting until the use of AI becomes more permanent before making any personnel adjustments. However, the use of AI makes specific tasks superfluous. These tasks are often monotonous and dangerous in nature, but they also include simple tasks, which can increase the pressure on employees as they only have to perform more intensive tasks, which can increase performance pressure and stress levels. At the same time, AI will also create new jobs, particularly in the highly skilled sector.

In conclusion, the risks and the rapid pace of AI development will require decisive action from political players. It should be ensured that the advantages of AI outweigh the disadvantages and that employees are not jeopardised. This can be achieved through the development of AI-specific legislation and by promoting the skills of employees, which can be achieved through further vocational training, but above all through an adapted education system.