The impact of artificial intelligence on the labor market in the world and particularly in Ukraine

• Published in: Economics. Finances. Law Vol. 2/2024; no. -; pp. 27 - 30
• Main Authors: ROSSOMAKHA, Iryna, KYRYLENKO, Oksana, BORYSIUK, Anton
• Format: Journal Article
• Language: Ukrainian
• Published: 29.02.2024
• ISSN: 2409-1944; 2786-5517
• DOI: 10.37634/efp.2024.2.6

Introduction. In the contemporary context of global environmental, economic, and epidemiological challenges, the study of artificial intelligence (AI) and its impact on the labor market is crucial. The purpose of this paper is to study the impact of artificial intelligence on the labor market in the world and particularly in Ukraine. The results of the research highlight a global trend of job displacement due to technological advancements, particularly in robotics and AI. The study defines AI and highlights its potential in tasks requiring human intelligence. A McKinsey Global Institute study suggests up to 300 million jobs could be lost globally by 2030, emphasizing concerns about employment stability. The paper explores industry-specific data, identifying high-risk areas like routine tasks for automation and less susceptible roles requiring creativity. The impact on the labor market is nuanced, with most jobs only partially automated, offering opportunities for complementation. Positive aspects of AI, such as creating new employment opportunities and enhancing worker safety, are underscored. Governments and businesses are urged to proactively retrain workers at risk of automation. The potential for job reduction in Ukraine is discussed, emphasizing the need for education reform. Conclusion. The multifaceted impact of AI on employment necessitates careful planning and consideration. For Ukraine, the focus should be on creating competitive AI specialists through specialized education, international collaboration, and skills development, enabling the country to navigate the evolving global environment.