"ChatGPT and other Artificial intelligence tools and the Future of Employment: An Examination of AI's Influence on Labour Markets and Workforce Dynamics"
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Abstract
Workforce dynamics and labour markets are changing as an implication of rapid development of artificial intelligence (AI) technologies, especially ChatGPT and other generative models. This study analyses the potential and difficulties that artificial intelligence (AI) brings in order to investigate the complex effects of AI on employment. AI is increasing productivity, generating new job positions, and automating monotonous work as it is incorporated into more industries. Nonetheless, worries about the skills gap, job displacement, and the evolving nature of employment are becoming more widespread. This study examines the ways in which artificial intelligence is impacting industries like healthcare, banking, education, and customer service, offering factual data on how labour markets are adjusting to these developments.