AI's role in job shifts: efficiency vs. employment

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AI is transforming workplaces by making operations more efficient, but this comes with potential job losses. As companies implement AI technology, tasks that were once done by humans are now handled by machines. This increased efficiency can lead to cost savings but might also reduce the number of available jobs, as fewer workers are needed to complete the same amount of work.

For instance, in manufacturing, robots now handle tasks like assembly and quality control, reducing the need for manual labor. Similarly, customer service roles are increasingly filled by AI chatbots, which can manage multiple inquiries at once without needing breaks. These changes illustrate how AI is reshaping job markets, potentially displacing some workers while creating new opportunities in technology and AI management.

Source: ABC News

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