Jobs at Risk: The Impact of Artificial Intelligence on the Workforce

Artificial intelligence (AI) has been a relevant topic in the financial and corporate space for several years, but its adoption goes beyond simple automation and threatens the existence of high-value jobs. AI is changing the way we live and work, and it's becoming increasingly clear that its effects extend beyond job loss and also affect financial stability and labor security.

A recent article in an international publication notes that the shift in the labor market due to AI is profound and that we are not prepared to face it. Kevin Callinan, general secretary of the Fórsa trade union confederation, says 'things are happening like a train and we're not ready for it.' This is a serious issue, especially in markets like Argentina's, where precarious labor and economic instability persist.

AI not only replaces workers but also affects the way high-quality jobs are defined and measured. A good job is one with guaranteed hours, pension, healthcare, and other benefits. On the other hand, a precarious job is one with non-guaranteed hours or without a contract. The face of the traditional precarious worker was a woman working in the service sector (hospitality and food service), among part-time or freelance workers.

A recent analysis of Ireland's labor force shows that 20.6% of employees work part-time, and 20.8% want more hours to earn more money but can't access them. AI is reconfiguring the way we work and interact with companies. Workers on platforms, such as taxi drivers or food delivery drivers, have fewer rights than employees, according to Eddie Keane, a University of Limerick academic. This could have severe consequences for the financial stability and labor security of workers.

In conclusion, AI adoption is a topic that we must analyze carefully and it's not just about job loss; it can also affect the financial stability and labor security of workers. Investors and readers must stay alert to this trend and consider how it may impact their investments and long-term financial decisions.