AI Creates More Jobs Than It Replaces, Study Shows

A recent study by PwC shows that AI is creating more jobs than it replaces, with a 38% increase in roles between 2019 and 2024. Sectors heavily using AI saw a 27% revenue growth per employee, alongside a significant boost in wages for AI-related roles. However, the report also highlights concerns over skill requirements and gender disparities in the evolving job market.

A new study suggests a rather surprising conclusion: Artificial intelligence (AI) isn’t just taking jobs away. In fact, it’s creating more job opportunities while reshaping the job market. This finding comes from PwC’s Global AI Jobs Barometer 2025, highlighted in a recent press release from PwC Hungary. The report shows in sectors most affected by AI, job numbers increased by a noteworthy 38 percent between 2019 and 2024.

The analysis wasn’t light work, examining over a billion job listings and countless corporate financial records spread across six continents. The results were striking—a marked revenue increase per employee in AI-heavy industries, at 27 percent, dwarfed the 9 percent growth in sectors less influenced by AI. Moreover, jobs demanding AI skills boasted average wages that were 56 percent higher in 2024, often coming with salary incentives for these technical proficiencies.

Ever since generative AI came onto the scene in 2022, productivity in the sectors that heavily use this technology took a real leap—skyrocketing from 7 percent in 2022 to an impressive 27 percent in 2024. For those industries with minimal AI interaction, like mining and hospitality, the productivity story looks a bit bleak—hovering around 10 percent in 2022 and dipping to 9 percent by 2024.

Another key finding of the report is about changing job skill sets; roles that involve AI are evolving faster than before—66 percent quicker, to be exact. Between 2019 and 2024, the proportion of AI-related jobs demanding a degree plummeted from 66 percent to 59 percent, with a similar drop from 53 percent to 44 percent for jobs that are automated by AI.

But the impact of these changes isn’t felt equally across the board. The report discovered a troubling trend: in every country surveyed, a larger percentage of women hold jobs that are impacted by AI. This raises concerns, as the shifting skill demands might fall disproportionately on them.

Gyöngyi Gönczi, who leads HR and Organizational Development Consulting at PwC Hungary, underscored the urgency for acquiring new skills and mindsets. She pointed out that adapting to the fast-paced tech environment calls for systems that promote ongoing learning.

In light of these findings, PwC recommends businesses to foster trust in AI, leveraging it not only for efficiency but also as a key growth strategy. It’s vital for firms to invest in their workforce’s AI-related skills to achieve sustained success in this rapidly changing landscape.

The findings from PwC’s study paint a dynamic picture of the job market in the age of AI. Far from being a job killer, AI is proving to be a catalyst for job growth and higher wages in many sectors. Nevertheless, it raises pressing concerns about the rapid pace of skill evolution and gender disparities in affected jobs. Companies, therefore, need to shift focus towards supporting their workforce with continuous education in AI skills, ensuring long-term sustainable growth.

Original Source: www.hungarianconservative.com