Artificial intelligence wants your middle-class job
Money Magazine Australia|March 2024
Almost half the tasks performed by Australian workers could be impacted by the approaching technological revolution.
Artificial intelligence wants your middle-class job

Will 2024 be the year artificial intelligence (AI) begins stealing the jobs of middle-class Australians? If two major reports are right, it will be. To prepare for it, Australia’s service sector workers had better start sharpening their skill sets and get ready for a job market that – for them – may quickly start transitioning into something very different from what it is now.

We’ve all heard about AI, but what exactly is it? In short, it’s the ability of a computer to perform tasks that would previously require human intelligence. That is, it’s not just about using computers to do tasks that a human would have done – that’s just automation – but performing tasks associated with traits of human intelligence, such as learning, problem-solving, writing, explaining, perceiving and perhaps even showing some level of creativity.

ChatGPT is probably the most widely known AI app, but all it really does is use patterns in language that it has been ‘trained’ in, so that when users ask it questions, it responds using the language associated with the question it was asked. This is why apps like ChatGPT are so effective in answering general knowledge questions, developing business proposals, essays, helping you write CVs and computer programming code.

High-risk countries

As amazing as this sounds, it’s only the start. This is why speculation is growing around how these computer applications will impact the jobs market and, by association, the education system. After all, why would you pay someone a six-figure salary to produce content that for the most part can now be generated from an AI app? And why would you need as many university-qualified people trained in these same skills?

هذه القصة مأخوذة من طبعة March 2024 من Money Magazine Australia.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 2024 من Money Magazine Australia.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من MONEY MAGAZINE AUSTRALIA مشاهدة الكل
Is the public market shrinking?
Money Magazine Australia

Is the public market shrinking?

Australia needs a healthy stock market to give companies access to funds and to allow retail investors to build wealth.

time-read
4 mins  |
March 2024
India: three steps to transformation
Money Magazine Australia

India: three steps to transformation

Massive investment and extensive reforms turbocharge the economy.

time-read
4 mins  |
March 2024
The ballet of business
Money Magazine Australia

The ballet of business

Changing direction, products, models and marketing is a hard task for a business. We chart what it takes to turn a business around, plus profile four successful pivots.

time-read
7 mins  |
March 2024
Save money and the planet
Money Magazine Australia

Save money and the planet

Could the high cost of living give us the incentive we need to reduce how much water and energy we use or waste? These eco-friendly household tips will help you do just that.

time-read
4 mins  |
March 2024
AI adoption is the new black
Money Magazine Australia

AI adoption is the new black

Artificial intelligence is set to reshape the commercial world, and small enterprises can’t afford to miss the boat.

time-read
3 mins  |
March 2024
Spam attack! Murky laws jam our inboxes
Money Magazine Australia

Spam attack! Murky laws jam our inboxes

Unwanted marketing material is one of the pain points of modern life.

time-read
5 mins  |
March 2024
From rags to riches in style
Money Magazine Australia

From rags to riches in style

Rich Tran sported a bowl cut until he was 14 years old and had no intention of becoming a hairdresser.

time-read
6 mins  |
March 2024
New work deals are killing the 'old' office
Money Magazine Australia

New work deals are killing the 'old' office

The Covid pandemic and the subsequent lockdowns accelerated the trend to more people working from home. It was a mixed experience.

time-read
4 mins  |
March 2024
Points taken: the truth about rewards
Money Magazine Australia

Points taken: the truth about rewards

Can hopping between credit cards really boost your frequent flyer haul and give you cheap or free travel - or is it doing more harm than good behind the scenes? Money puts it to the test.

time-read
3 mins  |
March 2024
Shortcuts to own a home
Money Magazine Australia

Shortcuts to own a home

Innovative ideas with a focus on low costs and sustainability could help solve the housing crunch.

time-read
4 mins  |
March 2024