Previous generations of automation technology often had the biggest mid-term impact on occupations with lower-middle wages, the McKinsey analysts wrote. Lower-wage occupations were more immune from automation because their employers paid them lower salaries in the first place. In those cases, the cost savings of automation wouldn't be as big, whereas the skills required for higher-wage roles were harder to automate.
With recent generative AI developments, however, the focus has shifted away from automating physical work activities to cognitive tasks such as decision-making and collaboration, the McKinsey analysts wrote.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jack Dorsey: Will Apple Vision Pro turn us all into 'WALL-E?'Jack Dorsey worries Apple Vision Pro will turn us all into 'WALL-E' characters — glued to chairs and plugged into constant entertainment
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 Stocks Best Positioned For The AI Boom: Global X Lead AI Researcher5 stocks that are best-positioned over the next 10 years to capitalize on the AI boom promising to transform the economy, according to Global X's lead AI researcher
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jeff Bezos kicks off hot yacht summer with Lauren Sanchez: photosInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »