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In some countries, such as the United States, jobs that require artificial intelligence skills could command a wage premium of up to 25 percent, according to a new study from PwC.
London
CNN
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Jobs that require artificial intelligence skills pay significantly higher wages than jobs that don't, according to new research published Tuesday.
Consultancy PwC looked at advertisements for a range of jobs, including app programmers, lawyers and accountants, published last year and found that in the US, AI-related jobs paid 25% more on average than comparable jobs in the same fields that didn't require AI-related skills.
The premium was 14% in the UK and 11% in Canada.
This difference is particularly pronounced in certain professions, with U.S. lawyers with AI skills earning a 49% premium compared to workers in comparable traditional jobs, and financial analysts earning a 33% premium. There is.
PwC's report is based on an analysis of more than 500 million job advertisements across 15 countries in North America, Europe and Asia.
“Countries and industries with high demand for AI skills tend to have higher wage premiums, especially where skilled professionals are in short supply,” Mehdi Sanneh, senior economist at PwC UK, said in a statement. .
According to the report, between 2012 and 2023, the number of jobs requiring AI skills grew 3.5 times faster than all jobs combined in the countries studied.
Barrett Kupelian, chief economist at PwC UK, also pointed out that “the skills preferences of employers in occupations affected by AI are changing around 25% faster than employers in occupations not affected by AI.”
“This trend will only intensify as AI adoption increases, creating new roles while also reducing demand for skills that can be performed more efficiently using AI,” he added.
The report also found that labor productivity in industries most exposed to AI, where AI is readily available to perform specific tasks, such as financial services, is 4.8 times higher than in other sectors. It was also revealed that they are growing rapidly.
A company is more productive if it produces the same amount or more of goods and services with fewer staff or fewer working hours. Higher labor productivity is the main driver of higher living standards.
“Improving productivity is critical to raising real wages and sustaining economic growth, especially when working hours are likely to fall across the economy as the population ages,” Bank of England Monetary Policy said. Commission member Randall Krosner said in a speech Tuesday.
Productivity growth is particularly important for certain countries, such as the UK, where productivity growth has been much slower since the global financial crisis than it was before.
“AI could be the missing piece of the UK's productivity puzzle, delivering improvements to the economy, wages and living standards,” PwC's Sarne said.
