Analyzing the Impact of AI Adoption on Job Market Dynamics and Employment Trends Using a Synthetic Dataset
This paper aims at establishing the effects of adopting artificial intelligence in the job market based on an artificially generated set of 500 jobs. In the following analysis, the impacts of AI Adoption levels on salary distributions, job growth, as well as the risks of job automation are examined with the help of such statistical methods as multiple linear regression, logistic regression, classification algorithms. The results show a positive relationship between AI utilization and job creation in industries where AI augments human work but reveal higher automation threats for industries with repetitive activities. Also, AI adoption corresponds to higher wages particularly in the advanced skill jobs but the jobs at high automation risk enjoy wage premium due to job insecurity. This paper acknowledges the fact that AI adoption is both a benefit and a threat that calls for careful executive actions on best strategies for managing changes in the workforce. Such future work should replicate these effects using actual data as well as religious and ethical effects on a wider scale.
Authors
- Rahul Kumar
- Santosh Kumar Sahu (ORCID: https://orcid.org/0000-0001-7887-2261)
- Vikrant Chole (ORCID: https://orcid.org/0000-0003-4234-4541)
- Anshita Shukla
- Ashok Kumar (ORCID: https://orcid.org/0000-0003-3332-3909)
- Jhankar Moolchandani
Publication Details
- Published
- 2024-12-06
- DOI
- https://doi.org/10.1109/smart63812.2024.10882256
- Citations
- 1
- Primary Topic
- Impact of AI and Big Data on Business and Society
- Type
- article
- Field-Weighted Citation Impact
- 0.49