Canadians poised for AI benefits

The Potential Impact of Artificial Intelligence on Job Losses

The rise of artificial intelligence (AI) has sparked widespread concerns about the potential for mass unemployment. Economist forecasters have been competing to project the number of potential job losses due to AI, with estimates ranging from 83 million to a staggering 300 million over the next five years. These predictions have significant implications for Canada, particularly for the professional services sector, which is highly vulnerable to automation. Some studies even suggest that nearly 50 percent of jobs in advanced economies could be at risk. As AI continues to advance rapidly, governments must be proactive in addressing the potential impact on job losses.