PwC’s latest UK Economic Outlook report takes a look at the net impact of AI and related technologies on jobs in the UK.
AI and related technologies such as robotics, drones and driverless vehicles could displace many jobs formerly done by humans, but will also create many additional jobs as productivity and real incomes rise and new and better products are developed.
We estimate that these countervailing displacement and income effects are likely to broadly balance each other out over the next 20 years in the UK, with the share of existing jobs displaced by AI (c.20%) likely to be approximately equal to the additional jobs that are created.