McKinsey: AI will create more jobs than it kills
Artificial intelligence will generate more positions than it eliminates in the United States by 2035, according to a report from McKinsey and Company. The research projects that technology will reduce demand for 36 million jobs while creating approximately 41 million new ones. However, the transition presents a major structural hurdle because 11 million Americans may need to shift into entirely new careers. Furthermore, only one in seven displaced workers currently has a direct pathway to a growing job, and the majority of new opportunities in sectors like healthcare and construction cannot be performed remotely.
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- β Artificial intelligence will cut demand for 36 million US jobs by 2035 but create about 41 million.
- β A total of 11 million US workers could be forced into new careers by 2035 due to artificial intelligence.
- β Only one in seven displaced workers has a direct path to a growing job.
- β Most new work in healthcare and construction cannot be done remotely.
What changed
McKinsey published a workforce report projecting that artificial intelligence will create a net gain in American jobs by 2035 while forcing millions to retrain.
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McKinsey Says AI Will Create More US Jobs Than It Cuts
Artificial intelligence will generate more positions than it eliminates in the United States by 2035, according to a report from McKinsey and Company. The research projects that technology will reduce demand for 36 million jobs while creating approximately 41 million new ones. However, the transition presents a major structural hurdle because 11 million Americans may need to shift into entirely new careers. And only one in seven displaced workers currently has a direct pathway to a growing job, and the majority of new opportunities in sectors like healthcare and construction cannot be performed remotely.
Why it matters
While workers have widely feared mass layoffs driven by artificial intelligence, the more immediate labor shock centers on workforce mobility and retraining. Employers increasingly signal demand for artificial intelligence expertise, with 72 percent of bosses willing to pay higher wages for recruits possessing those skills. Yet the geographic and logistical mismatch between displaced roles and expanding sectors leaves millions facing difficult career pivots.
What is confirmed
- Artificial intelligence will cut demand for 36 million US jobs by 2035 but create about 41 million.
- A total of 11 million US workers could be forced into new careers by 2035 due to artificial intelligence.
- Only one in seven displaced workers has a direct path to a growing job.
- Most new work in healthcare and construction cannot be done remotely.
- Seventy-two percent of employers say they will pay more for artificial intelligence skills.
Still unconfirmed
- Job-seekers in Silicon Valley have the best odds of earning more from artificial intelligence skills.
What to watch next
- Expansion of retraining programs and educational initiatives aimed at non-remote sectors like healthcare and construction.
- Changes in employer wage offerings for artificial intelligence competencies across various geographic markets.
confidence 95%Sources used for this update (15)
- CNN β AI could force 11 million US workers into new careers by 2035
- McKinsey & Company β Workforce in motion: Skills and pathways to future jobs in the United States
- Harvard Gazette β Why AI hasnβt triggered mass layoffs β yet
- fortune.com β AI will create more jobs than it kills, McKinsey says. The ...
- finance.yahoo.com β AI will create more jobs than it kills, McKinsey says. The ...
- Fortune β AI will create more jobs than it kills, McKinsey says. The catch: 11 million Americans may need new careers
- The New Yorker β Will A.I. Still Take Our Jobs?
- The Washington Post β Fearing AI, workers go back to school seeking jobs that still need a human touch
- STLtoday.com β Sultan: The robots tell me which jobs they're taking
- thespinoff.co.nz β Getting paid is hard to do: Why being a small business owner in New Zealand sucks | The Spinoff
- sdvoice.info β Responsible AI Development Requires a Seat at the Table for Black America
- fortune.com β Workers feared AI would kill jobs. Instead, 72% of employers say theyβll pay more for AI skills
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