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AI better than our staff, reckon half of business leaders – so what does that mean for jobs?

As appeared in City AM 19th April 2023

NEARLY half of business leaders reckon AI could replace humans, new data out today shows, but experts think job losses caused by mass adoption of tools such as ChatGPT would be limited.

Some 44 per cent of C-suite executives think AI could perform tasks to a similar or better quality than humans, according to a poll of more than 1,000 business decision makers by YouGov.

The numbers illustrate smart technology’s capacity to trigger a huge shake up in the global workforce, helping workers palm off remedial tasks to computers to free up time to spend tackling more complex problems.

Mundane legal chores have often been identified as an area which could be passed on to AI.

“The [legal] profession needs to develop new skills, for instance to make best use of legal technology, but solicitors will continue to need soft skills that AI will not be capable of automating,” Lubna Shuja, president of the Law Society, told  City A.M.

“As AI technology develops, what it means to be a lawyer will evolve, as will the type of jobs we do and the skills required for them,” Shuja added.

Economists have argued stepping up usage of advanced technology could help reverse a more than decade long trend of slowing productivity growth.

Read more in the Research/Analysis section in our Knowledge Bank

 

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