There has been considerable attention to the concern that AI will lead to automation of jobs and substantial displacement of the workforce.
There has been considerable attention to the concern that AI will lead to automation of jobs and substantial displacement of the workforce. A Deloitte collaboration with the Oxford Martin Institute 26 suggested that 35% of UK jobs could be automated out of existence by AI over the next 10 to 20 years. Other studies have suggested that while some automation of jobs is possible, a variety of external factors other than technology could limit job loss, including the cost of automation technologies, labour market growth and cost, benefits of automation beyond simple labour substitution, and regulatory and social acceptance. 27 These factors might restrict actual job loss to 5% or less.