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Human capital for the age of generative AI

Adoption of the technology could help suitably qualified workers climb the wage ladder

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    • According to a recent report from the McKinsey Global Institute, up to 30 per cent of current work hours in industrialised countries could be automated by 2030, under a scenario of moderate automation.
    • According to a recent report from the McKinsey Global Institute, up to 30 per cent of current work hours in industrialised countries could be automated by 2030, under a scenario of moderate automation. ILLUSTRATION: PIXABAY

    Simon Johnson and Eric Hazan

    Published Wed, Jun 5, 2024 · 05:00 AM

    GENERATIVE artificial intelligence (gen AI) has captured the world’s imagination because it appears likely to automate tasks that previously required advanced cognitive skills. With it, there is a real prospect that many highly educated and experienced workers may be replaced by algorithms.

    What happens when machines come for the jobs not of handloom weavers and autoworkers, but of scriptwriters, lawyers, middle managers and even high-level executives?

    One response is to think that skills no longer matter, or even that we should de-emphasise education.

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