AI Won't Kill The Job Market But Keep It Steady, PwC Report Says

The solid line in the charts represents the net effect of AI, with the bars showing the displacement... [ ] and income effects. It's impossible to say precisely how artificial intelligence will disrupt the job market, so researchers at PwC have taken a bird's-eye view and pointed to the results of sweeping economic changes. Their prediction, in a new report out Tuesday, is that it will all balance out in the end. More automation in trucks, factories and elsewhere could cost around 7 million existing jobs in the U.K. by 2037. But the rise in robots and machine-learning software will make the country more productive over the next two decades, growing at a 2% annual clip, to put nearly the same number of jobs back in the system: 7.2 million, PwC estimates.