AI replacing jobs statistics discovers the impact of artificial intelligence on the global labor market. To use a Terminator 2 parallel, Sarah Connor has done a great job stopping Skynet’s machines from taking over the future – at least for now. We’re writing these lines in the hope that John Connor will see them and jump in to help us if necessary.
Indeed, some occupations will need all the help in the world. On the other hand, some jobs will undoubtedly flourish while we’re still waiting to see the effect of AI on numerous future occupations. There’s no doubt that artificial intelligence will have an immense impact on the future labor market.
Many companies have decided to try AI to help their businesses grow, and a surprising number of them succeeded. Some believe automation will generate more jobs in the future, while others are adamant that using AI is a disaster waiting to happen. Is the proverbial glass large enough for all that water, or is it a matter of time before the cup starts overflowing?
In the lines that follow, we’ll show you some of the most exciting and intriguing stats about AI. Read on to learn which jobs could potentially become extinct and which are destined to become the past. One thing is sure: the following artificial intelligence replacing jobs stats will leave no one indifferent.
Key AI Replacing Jobs Stats (Editor’s Pick)
- Technology has already taken over 42% of jobs that used to exist.
- 50% of companies stated that they have begun using AI in at least one sector.
- 37% of employees are afraid that AI will make their jobs obsolete in the next five years.
- By 2030, a quarter of American workers are expected to lose their jobs as a result of AI.
- Artificial intelligence is expected to replace 800 million human jobs by 2030.
- An average factory worker costs around 10 times as much per hour as a robot.
- AI will create 97 million jobs worldwide by 2025.
- Financial companies would spend up to $110 billion on artificial intelligence by 2024.
- 52% of small businesses are using AI to predict customer needs.
- 100,000 robots are ready to replace human workers at Amazon’s warehouses
AI Replacing Jobs: Is the Past a Mirror of The Future?
The best way to be ready for everything that awaits us in the future is to look to the past. Technological innovation is nothing new and more detrimental shocks have happened to earlier generations. There will always be those who will believe in progress, but also those who rely on the current state of things.
Let’s see what the past used to look like.
1. 42% of jobs have already disappeared due to technological advancements.
Is Nicholas Cage a good or bad actor? We’ll probably never know, but he is a polarizing actor no matter whether or not you like him. The same goes for robotics. There are many studies about technological advancements’ effect on the workforce worldwide.
The U.S. lost around 400,000 jobs between 1990 and 2007 because of it. Economists believe the country lost around 42% (that’s more than four out of ten!) of jobs in this particular period alone.
What will happen with the increasing trend of replacing humans with machines remains to be seen. Are we going to learn from our ancestors’ choices?
2. In 1940, 73% of children went to high school, which set the foundation for robotics and automation.
How did robotics develop in the first place? Who deserves credits for making this happen? The early 20th century saw only 18% of children aged 14-17 in high school.
Surprisingly, during the 1940s, this number reached a whopping 73%. As a result, the increased number of educated workers helped push the robotics sector forward without people losing their jobs due to automation.
3. Barcodes reduced the labor costs by 4.5% but didn’t remove the need for cashiers.
Every technological progress, no matter how big or small, usually goes hand in hand with enthusiasm and simultaneously raising eyebrows. Barcodes largely originated in retail, and their purpose was to automate part of the process, further leading to increased productivity, revenue growth, and reduced prices because of decreasing costs.
All this has led to the fear that, in time, the need for some occupations will be lost. Cashiers, for example, were first on the line of the suspected impact. Although at first, the price of labor fell by 4.5%, cashiers were increasingly needed. In the period between 1980 and 2013, the need for cashiers increased by 2%.
4. Computers have created 15.8 million new jobs in the U.S. since 1980.
It wasn’t long after introducing the first personal computer that people started thinking about its impact on society. Some people thought it’ll ruin everything humanity fought for until then. On the other hand, others have been firm advocates of computers and everything they could help people accomplish in the future.
In the end, it turned out the invention of computers was one of the best things that could happen to both people and industries. Computers, directly or indirectly, created 15.8 million jobs in the U.S. starting from 1980 until now.
Can we draw the parallel between computers then and AI now?
5. Technology caused an increase in labor productivity in the U.S. agriculture sector by 51% since the 1990s.
People find it challenging to accept changes, especially if they’re difficult to comprehend. Various statistics show how technological advancements affected different sectors. For example, the U.S. GDP per capita rose from $35,542.14 in 1991 to $53,636.48 in 2017.
Overall, we’re looking at an increase of 51% in the 26-year span. Can we expect the same from AI?
6. Only 1 of the 270 U.S. Census occupations disappeared due to automation
The biggest concern with AI globalization is the potential negative effect artificial intelligence could have on some occupations. Some experts think AI will wipe out entire sectors, but Harvard economist James Bessen disagrees.
His working paper offered us a glimpse at history. Bessen aimed to establish a connection between eliminated jobs and automation. He looked at the 270 listed occupations from the US Census and found out that only one – elevator operator – has disappeared due to computerization.
AI Replacing Jobs: What About the Near Future?
There is no doubt robots will replace people at their jobs at one point. But the question is how far from this moment we really are. Here’s a closer look at the AI development predictions in the next 5-10 years.
7. Around 50% of companies stated they’d introduced AI in at least one sector.
It is too early to tell if automation is becoming dominant in the market. However, saying that artificial intelligence plays a minor role in global business development would be an understatement.
Companies are always looking for profit. That said, they will always look for ways to make their business more effective. As per McKinsey’s research, almost half of businesses already included AI in various sectors of operation.
8. Intelligent agents could replace almost 30% of existing jobs by 2030.
Should we fear the rise of intelligent machines? It’s not the first time humanity faced such an issue. In the past, people did most of their agricultural work with nothing but their own hands. The introduction of machines stirred panic among people who were used to making a living using their lands.
In the end, it turns out humans managed to learn how to live with technological progress. However, the question remains if we’re able to withstand new impacts. Projections indicate that one in three jobs will not require humans in less than a decade.
Will this change show us a new ocean of possibilities or open Pandora’s box?
9. 52% of experts believe AI will have no significant impact on the labor landscape in the future.
The role of AI in the future is a divisive topic that splits opinions between many experts. While some strongly believe humanity is digging its own grave, others tend to disagree on this subject.
Around 52% of experts think AI will have a firm role in shaping the global job market in the not-so-distant future. However, they also believe this will be compensated with new job openings.
10. 37% of workers fear AI will eliminate their jobs in the next 5 years
People fear the unknown. It is a common misconception younger generations are easier to adapt to changing trends. Surveys show almost 4 out of 10 workers between the ages of 18 and 24 fear AI could replace their jobs.
On the other hand, only 27% of people between 25-34 years old believe their occupations will go obsolete in the next five years.
11. 25% of the American workforce could lose their jobs due to AI influence by 2030.
In reality, nobody really knows what kind of effect automation will produce in the future. It all comes down to guesses and predictions, which change every year. Experts believe businesses will start replacing fired people with machines soon.
Until 2030 around a quarter of American workers will lose their current job positions with the AI advancements. In total, artificial intelligence could cause 45 million people to lose their jobs by the end of this decade.
12. 800 million jobs could disappear by 2030.
If the previous statistics didn’t scare you, this one could cause some puff in your cheeks moments. Looking at the global scale, less than a billion people will be left without work if the current progress of AI continues.
The study covered 46 countries, and the results were astonishing. AI automation will affect 20% of the global workforce and cause the obsolescence of 800 jobs.
13. 78% of executives are likely to invest in artificial intelligence.
The current labor shortage leads to the increased creativity of companies looking to patch the holes in many sectors.
Around 62% of executives admitted they find it challenging to struggle with recruiting applicants. Consequently, 78% of them are willing to go the extra mile in adopting AI to replace the number of job requirements gap.
14. AI could contribute to the global economy with $15.7 trillion.
Many believe artificial intelligence will impact productivity and product variety. In the end, it may go as far as claiming it’ll affect the economy by a high level of affordability in time.
According to some predictions, the economy will feel the positive effects of global automation. AI’s contribution is measured in 12 zeros. Some estimations say artificial intelligence will boost the global economy with a whopping $15.7 trillion.
15. 91% of Greeks believe robots will take over their jobs.
9 out of 10 Greeks are the most optimistic or pessimistic, depending on your angle of approach, when it comes to AI influence in the global job market. The majority of people consider robots will replace our jobs in the future.
However, some of them go as far as saying this trend will leave a massive gap between the rich and the poor. Many people believe this will have a significant impact on unemployment rates, stating they fear many people won’t be able to find new jobs.
16. The average hourly cost of a manufacturer worker is 10 times greater than a robot’s.
There’s no doubt AI will leave a substantial impact on the manufacturing business. So far, this industry swims on a mix of human labor and automation. However, peoples’ largest concern is the increased profit maximization trend.
There are evident differences between the cost of human and AI labor. People who work in manufacturing have an average hourly rate of $49 in Germany or $36 in the U.S. On the other hand, the average cost of an automated robot is only $4 per hour.
Many fear it is a matter of time when AI will become available to everyone. It could start a chain reaction, and the possible outcome is still under debate.
17. 12 occupations are at most risk of being wiped out by AI.
There’s no doubt AI is affecting and transforming businesses as we speak. While some are entirely aware of what’s coming, others still prefer to live in either hope or denial. Some jobs will be more affected than others. Experts were able to paint a grim picture of the jobs expected to be replaced by automotive machines.
The following AI replacing jobs statistics reveal the list of 12 occupations that’ll most likely end overtaken from humans includes:
- Bookkeeping and data entry
- Customer service executives
- Retail services
- Courier services
- Manufacturing and pharmaceutical work
- Security guards
- Taxi and bus drivers
- Market research analysts
18. Robotics could reach a value of $277 billion by 2030.
The mobile economy is slowly overtaking the traditional industrial robots market. Humanity is advancing more and more in the field of robotics. Truth be told, people once predicted much greater progress. Just think of the flying cars from the movie 5th Element.
However, there is growing talk of automated cars and self-guided trucks. People’s need for automation leads to the increasing value of the robotics market. By the year 2030, the automation of robotics will hit a record $277 billion value.
19. The expected medical robots boom could see the market hitting $12.7 billion by 2025.
We already mentioned doctors as one of the occupations that could go obsolete in the future. Today, robots have a partial role in patient treatment. Robots are already used in rehabilitation therapy. Moreover, many countries are setting aside significant budgets for medical robot research.
We could expect this trend to progress and evolve in the not-so-distant future. With the way technological advancements are progressing, we can expect robotic-assisted surgeries and the adoption of surgical robots to become our everyday.
According to the statistics, this trend will have an immense effect on the global medical robot market, reaching $12.7 billion at the end of this decade.
20. Automation could lead to 21% of women in Latin America losing their jobs.
We have already learned how robotics can affect countries’ GDP and improve economics. But, what about people? What is a country without people living in them?
The latest research on the Latin American economy and robotics show 21% of women in this particular geographic area are more likely to lose their jobs due to automation. On the other hand, 19% of men could see their jobs disappear when robots kick in.
However, the research showed that men are in a slightly better position. Male workers are predominant in science, technology, and mathematics which are believed to be the occupations of the future. As a result, this demographic group is currently in less danger than female workers in Latin America.
21. Less than 5% of jobs could be completely automated.
While we can speculate about the future, for now, a small number of jobs can be replaced by robots. There’s no doubt that current advances in technology guarantee greater automation in the near or distant future. However, only 5% of jobs could be fully automated as things stand now. At least at this point.
22. 120 million workers need retraining due to automation impact.
It’s clear that we are still far from having fully automated occupations. However, AI is increasingly affecting certain aspects of our lives. At the moment, the role of artificial intelligence is minor.
Still, AI deployment has led to over 120 million people retraining due to the growing influence of robots and related technology.
23. Around 1 million copywriters are fighting against the machines.
AI automation lurks around the corner, leaving many jobs are in question. The upcoming wave of smart machines is affecting all business areas, including online writing. There are already a number of AI applications that writers use to generate content.
Moreover, technology is advancing as quickly as a flash, making it challenging to recognize the handwriting of machines and man. Take this article, for example. Is this the work of an impartial writer, or has AI decided to take over the internet and write a self-promotional and affirmative article? Guess you’ll never know.
But don’t worry, people will always need stories with a soul. Therefore, even if the machines take our jobs, have no worries – we’ll be back!
24. 3 million customer service representatives could end up with no jobs.
Moving on to the next subject. As mentioned earlier, the upcoming AI revolution will affect the existing workforce outlook. Customer service representatives are in the first lines of the front. According to BLS, around 3 million people work in this industry.
With the current state of affairs, all of these jobs will be replaced by robots. What’s going to happen with all these people? Are they going to retrain or lose their jobs? We still haven’t got a clear answer.
25. AI will generate 97 million jobs by 2025.
The fact is that the upcoming trend of substituting people with robots will change the look of today’s workforce global picture. However, some roads are being closed to open new ones. So many experts believe that the introduction of AI will lead to the creation of as many as 97 million jobs.
Are we going to be able to cash in an opportunity?
AI Replacing Jobs Statistics in Manufacturing
Many industries are likely to introduce AI as a solution to improve production. Let’s see what kind of effect artificial intelligence could have on the manufacturing business.
26. BMW group brought AI to 31 sites.
We could say artificial intelligence plays a crucial role in BMW’s manufacturing business. Thanks to the introduction of AI, the company managed to improve its production process. The main idea was to reduce the rework and enhance the production process.
Hence, BMW incorporated this technology in 31 sites across 15 countries. Today, the company built on a smart data analytics image recognition system and increased product quality inspection.
27. Manufacturing data consumption is around 1,812 petabytes per year.
Manufacturing has come a long way in the last couple of decades. The industry is expanding, which results in tons of information exchanging every day. Naturally, the processes are becoming more complex. As a result, decision-making is becoming increasingly challenging.
Manufacturing produces 1,812 PB per year, which is significantly more than industries such as finance, retail, and communications. Therefore, the industry sees salvation in the introduction of AI in order to make solving but also anticipating problems as efficient and effective as possible.
28. Artificial Intelligence in the manufacturing market could grow to $16.7 billion.
Many regions are adopting robotics and AI manufacturing. As a result, there’s a noticeable growth in Asia and the Pacific market. Manufacturers are more likely to seize this opportunity and expand their business by offering new products. These events are likely to affect the manufacturing market growth up to $16.7 billion by 2026.
29. 59% of people consider AI should be introduced in quality control.
A little more than half of the correspondents stated AI would play an essential role in quality control. This could standardize production and improve inspection processes, according to Statista’s research.
Among the most important industries that could benefit the most from artificial intelligence are:
- Inventory management: 44%
- Monitoring: 32%,
- Customer care: 29%
- Personalization of products & services: 22%
- Asset maintenance: 22%.
30. 38% of companies believe AI is helping their employees do better.
Companies choose to introduce artificial intelligence into their business processes for a variety of reasons. Some companies believe that the daily use of AI brings greater business continuity.
On the other hand, certain companies see such technological innovations as upgrading their employees’ skills. Consequently, 38% of companies believe that AI helps in making their employees much more efficient and effective.
AI Replacing Jobs Statistics: Technology Within Finance Sector
AI-powered automation is omnipresent in the financial sector. Artificial intelligence can improve financial planning services and resolve service-related issues with ease. What are the future trends? Let’s find out.
31. 60% of banks have either closed or reduced working hours in their branches.
Though many would assume the reason why 60% of banks are closing their branches lies in the events that occurred recently, the reality is much different. Banks are closing their branches faster than ever. The reason behind this maneuver is to save a great deal of time.
The financial sector has introduced new and exciting services like account verifications, account creations, and contactless payments, which are based on some sort of AI. New generations will have no problems adjusting, as most Millenials already prefer using apps over visiting branches.
32. The global spending on AI in the financial sector could rise to $110 billion by 2024.
The financial sector will rely on AI mechanisms more and more as time goes by. The main idea is to reduce friction costs and improve productivity levels.
Moreover, implementing artificial intelligence in the sector can improve the quality of service and products, which can directly affect its profitability.
As a result, the financial sector is investing more than ever in AI. The total spending could reach a staggering $110 billion in 2024.
33. Applications based on artificial intelligence could save $447 billion by 2023.
Many processes within the financial sector, especially those related to communication with clients, are significantly facilitated. Banks have already introduced various AI-based applications that allow clients to easily open accounts, cash transactions, and take out loans.
This turned out to be a real business move, given that banks will potentially save as much as $447 billion by 2023. It is no wonder why banks are now considering the further introduction of AI in their processes.
34. 58% of people think fraud detection could benefit the most from AI.
Wherever there is a lot of money, there will be people who’ll want to take advantage of the situation and get hold of it illegally.
As many as 58% of people believe that the introduction of complex algorithms could significantly improve fraud prevention. AI could be of use in identifying and preventing such fraudulent activities.
35. AI-based software can predict fraudulent activities with 90% accuracy.
We have to admit machines are able to complete more complex jobs in much greater frequency than people. After all, AI can see way more than an average human eye. That is why we trust machines in jobs like fraud prevention and detection rather than people. The software can detect such irregularities with 90% of precision.
AI Replacing Jobs Statistics: Are Robots Conquering the Marketing Sector?
Automation is present in various technologies. The introduction of AI in the marketing sector has changed the perspective of both buyers and sellers. Some occupations are threatened to extinction, while others will rise.
Find out how marketers react to the increasing influence of artificial intelligence.
36. 56% of marketers believe AI will create more jobs.
Marketing companies are increasingly entrusting work to artificial intelligence. Businesses rely on AI to increase revenue and reduce costs.
Moreover, using machine learning and data science, businesses are able to scale their strategies better and increase productivity. Some companies are teaming up with machines and people in the desire to engage more with existing and potential customers.
Although many occupations in the marketing business are in the red zone, with the increasing possibility of going extinct, many people believe AI will only help their sector grow.
Consequently, more than half of correspondents believe artificial intelligence will produce more workplaces within the next decade.
37. 52% of small businesses rely on AI for marketing analytics
The largest AI adoption ratio is with $500 million to $1 billion companies, which heavily rely on conversational AI for customer service. On the other hand, only 52% of small businesses have adopted predictive analytics for customer insights.
Simultaneously, the smallest companies are the leaders in AI spending. Thus, we can expect changing trends in the near future.
38. 41% of marketers stated automated machines improved their revenue and performance.
According to a survey conducted by Statista.com, around 41% of marketers believe AI has helped their business grow in many ways. Correspondents stated artificial intelligence helped them boost revenue growth and performance.
On the other hand, 40% of marketers believe they’ve managed to get more actionable insights provided by AI marketing data. Moreover, 35% of correspondents saw reduced time spent on repetitive tasks.
AI Replacing Jobs Stats in Transportation & Logistics
From animal-drawn carts to self-driving trucks. Let’s review the most interesting AI statistics related to one of the essential industries – transportation.
39. The transportation sector’s investments in AI could reach $3.5 billion in 2023.
Businesses in the transportation sector are looking for creative ways to fight off competitors. As a result, many companies decided to invest in AI. By 2023 the AI transportation market could reach $3.5 billion.
Imagine having your personal Transformers one day. It could come in handy one day for saving the world. You never know.
40. 100,000 Amazon warehouse robots await to replace human jobs.
Companies are looking for different ways to further save on the production and transportation of goods. AI is now capable of processing shipping data, filing invoices, and much more.
Amazon is one of the world’s largest companies, employing a large number of people. That’s why the fact that this company has more than 100,000 robots ready to replace humans at any moment sounds a bit intimidating.
41. 17,000 cargo ships transport goods worldwide
Globalization has taken off, and today, products worldwide are available to us with one click. As a result, the transportation industry is busier than ever. About 17,000 ships sail each day carrying billions of dollars in cargo.
For this reason, companies are looking for various ways to make their deliveries faster, more efficient, and more productive. The latest information from Rolls-Royce says that this company, in cooperation with Google, started the production of automated ships. Is there room for captains, or will they become redundant?
Jobs that require truck drivers are among the most sought after in the United States. The American Truckers Association has been fighting for years to reduce labor shortages. However, the search did not result in better conditions for truckers, who continue to spend hours, days, and weeks on the road.
On the contrary, the solution was found in investing in AI and self-driving trucks that will be able to dominate the roads in the U.S. and also the rest of the world.
Even in 2016, the US government spent as much as $4 billion to enable the rapid introduction of AI in the transportation business.
43. Companies that implement artificial intelligence could increase turnover between 3-10%.
The future of truck drivers lies heavily in artificial intelligence hands. Let’s say that all predictions will come true and that companies will compensate for the lack of drivers with fully automated machines. In this case, such companies can expect significantly higher turnover, which varies between 3-10%.
As the market dictates the conditions, other companies will be practically forced into the in for a penny in for a pound scenario in order to survive on the market. This just means that there is a good chance that it will lose the need for as many as 3.5 million active drivers in the U.S.
Statistics on AI Replacing Jobs in Medical Care
If you’ve ever watched Prometheus, you probably noticed how they enter the capsule and choose diagnostics while mechanical hands conduct complex operations within a minute. Well, without the desire to rain on anyone’s parade, but we’re not even close to that moment. Still, AI is the future of medical care; let’s see how.
44. 63% of people think AI will help in treating cancer.
It doesn’t necessarily mean that AI will take over every job in human health care. Sometimes man and machine can work together to achieve a goal. Machines are capable of processing significantly more data than humans, and that is the fact that we must all accept.
Therefore, 63% of people believe that the development and introduction of AI will lead to the detection and easier treatment of diseases such as cancer. A similar number of respondents believe that heart disease, even diabetes, will benefit the most from intelligent machines.
45. 30% of healthcare costs go to administrative tasks.
Around one-third of the hospital’s budget is spent on administrative costs as per the latest statistics. On the one hand, the introduction of AI would significantly reduce spending in the administration sector.
On the other hand, administrative tasks in hospitals are performed by many people, so the logical question is what will happen to all of them?
46. Software solutions brought a 39.9% increase in revenue to healthcare.
AI is taking over healthcare by storm. You can notice smart software solutions in many areas like cybersecurity, virtual assistants, clinical trials, telemedicine, fraud detection, and others. As a result, healthcare institutions saw a 39.9% increase in revenue.
Though this could lead to more efficient patient treatment and potentially reduced costs of healthcare, it remains to be seen how AI will affect current job positions in this sensitive industry.
Every time you wake up in the morning thinking how you hate your work, wishing for your office to magically disappear, bear in mind it could happen faster than you think. We make all kinds of wishes all the time. However, some are better to remain unfulfilled.
Hopefully, these statistics about AI replacing jobs can help you understand better global trends related to artificial intelligence machines. The idea of this article was not to provoke or scare anyone but to spark people to start thinking about the future. The AI is on its way, ready to take over our jobs.
It’s wild to think that in the future, robots and AI could be doing all of our jobs. Well, maybe not all of them, but a lot of them. But instead of freaking out about that, let’s look at the bright side: There are some jobs that AI will never be able to do. Machines can’t make us feel empathy, write poetry, or appreciate a sunset like we can.
When your job gets replaced by an AI system, don’t worry—you’ll find something better. But there is no better time than now to start planning your future. Let’s all rethink our positions and become better prepared for what’s coming. Perhaps skills improving or even changing careers could be the best thing that ever happened to us.
Thanks for sticking with us for this look at the stats behind AI replacing jobs. It’s been a long road, but we are so glad we could share it with you. The topic of AI and job automation is, in our opinion, one of the most critical of our time. It’s going to keep many people up at night, and I can tell you that it certainly has me thinking about the future of my own career.
The one thing that’s certain to me is that there is a lot more work to be done on this topic. The impact of AI on job loss will be felt across the world and by many billions of people—and we’re only just beginning to understand how best to adapt and prepare.
We hope you found something useful here today—whether it was a specific stat or just a bit more context on the issue as a whole. And please feel free to send us your thoughts: what would you like to know more about? What other topics do you want us to cover? Let us know! We’d love to hear from you.