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· Essay · 1 min

Andrew Ng on the Real Impact of AI on the Job Market

AI does not directly replace workers, but workers using AI are replacing those who do not.

Many CEOs explain layoffs by saying that "AI is doing the work for people" - but that's not the case yet. Most layoffs are a correction after pandemic overhiring and regular reorganization.

The real picture is more complex. AI does not directly replace workers - but workers using AI are replacing those who do not. This is already evident in development: programmers with AI tools are much more productive. And the trend is expanding to "non-technical" roles - marketers, recruiters, analysts who can code with AI are pushing out those who do not adapt.

The structure of teams is changing as well. A project that used to require 8 engineers and 1 PM can now be done by 2 engineers and 1 PM. Or even one person with skills in both product and development.

The good news is that most companies have a huge backlog of tasks. People with the right AI skills are getting opportunities to do more and build what was previously impossible due to a lack of resources.

Most people - both technical and non-technical - are still at the starting line in mastering AI. So now is a great time to learn and build.

🔗 Source: https://www.deeplearning.ai/the-batch/issue-339/

Andrew Ng on the Real Impact of AI on the Job Market — illustration

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