Artificial Intelligence (AI) tools are set to have a significant impact on the job market in developed countries, including America, in the next five years, with the potential to increase efficiency and productivity in many industries, but also to displace workers in certain jobs that can be automated, according to experts.

“Automation has been happening for decades, but the speed and scale of AI adoption is unprecedented,” said Erik Brynjolfsson, Director of the MIT Initiative on the Digital Economy. “Low-skilled and routine jobs are most at risk, but even high-skilled jobs will be affected as AI becomes more capable.”

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According to a recent study by the Organisation for Economic Co-operation and Development (OECD), 14% of jobs in developed countries are at high risk of automation, with the highest-risk jobs being in manufacturing, agriculture, and hospitality. The study also found that workers without a college degree are three times more likely to have jobs that are at high risk of automation.

However, the growth of Artificial Intelligence technology also presents new opportunities for job creation in areas such as machine learning, data science, and robotics. As companies continue to invest in AI research and development, there may be an increased demand for skilled workers who can design, develop, and implement AI solutions.

“The AI revolution will create new jobs that we can’t even imagine yet,” said Kai-Fu Lee, CEO of Sinovation Ventures. “We need to focus on reskilling and education to help workers adapt to the changing job market.”

Despite the potential for job displacement, some experts believe that the net effect of AI on employment may be positive. “History has shown that new technologies have always created more jobs than they destroy,” said Anthony Carnevale, Director of the Georgetown University Center on Education and the Workforce. “AI has the potential to drive economic growth and increase productivity, which could lead to more job opportunities in the long run.”

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Overall, the impact of AI on the job market in developed countries, including America, in the next five years is likely to be significant, creating both opportunities and challenges for workers and businesses alike. As AI technology continues to evolve and shape the future of work, it will be important for policymakers, educators, and employers to work together to ensure that workers are equipped with the skills and knowledge needed to thrive in a rapidly changing job market.