Shocking Stat: 80 Crore Jobs Lost Due To AI?

The evolution of the artificial intelligence prospect has started to absolutely shake up the global employment prospect and it has reached a point where a shocking 80 crore jobs were reportedly lost due to AI.

Concerns over Artificial Intelligence are rising as new reports warn about massive job losses in the coming years.

According to estimates, global consulting firm McKinsey & Company has suggested that up to 800 million jobs worldwide could be displaced due to automation and AI within the next five years. Meanwhile, investment bank Goldman Sachs earlier estimated that around 300 million jobs globally could be affected by generative AI technologies.

Experts say sectors that involve routine, repetitive, and entry level tasks are most vulnerable. Administrative roles, data processing, customer service, and certain manufacturing jobs could see major disruption as companies increasingly adopt automation tools and AI driven systems.

Some projections even claim that up to 90 percent of jobs may experience some level of impact, though that does not necessarily mean complete job loss.

However, analysts also stress that AI will not only eliminate jobs but transform them. While some roles may disappear, new opportunities are expected to emerge in technology, data science, AI management, and digital services. Historically, technological revolutions have replaced certain jobs but also created new industries.

In summary, while predictions of 800 million job losses sound alarming, experts believe the real impact will likely be a mix of disruption, transformation, and new job creation rather than total elimination.