Higher salary through the use of AI? That is certainly possible. According to a study, in many AI-related positions your salary can be up to 25 percent higher on average.

The changes in the job market resulting from advances in artificial intelligence cannot yet be foreseen in the long term. Many studies and surveys repeatedly say that AI will either cost a huge number of jobs or create numerous new ones.

But the consulting firm PwC has now looked at a completely different aspect in a new study. It looked at the extent to which salaries have already changed as a result of the use of AI.

More salary through the use of AI?

For the study, PwC analyzed more than 500 million job advertisements from 15 countries in Europe, North America and Asia. These included job advertisements for accounting, lawyers and app programmers.

The difference in salary for AI-related positions was astonishing. In the USA, for example, it was on average 25 percent.

According to the report, jobs that require AI skills are paid up to 25 percent higher than comparable jobs in the same field. In the UK, the figure was 14 percent and in Canada, 11 percent.

“Countries and sectors where there is high demand for AI skills tend to have higher wage premiums, particularly when there is a shortage of skilled workers,” explains Mehdi Sahneh, Senior Economist at PwC UK.

A sales manager in the US, whose job requires AI knowledge, can expect a 43 percent higher salary. Accountants in Canada receive 17 percent more salary if the job advertisement mentions AI. Lawyers in the UK receive a 27 percent increase if they know about AI.

More and more jobs require AI knowledge

Jobs that use artificial intelligence are no longer a rarity. According to the PwC report, between 2012 and 2023, the number of these jobs in the countries examined grew 3.5 times faster than the total number of jobs.

Employees have to stay tuned in the truest sense of the word. According to PwC chief economist Barret Kupelian, “the skills required by employers in jobs affected by AI are changing about 25 percent faster.”

As AI continues to rise, this trend is likely to intensify, creating new jobs while reducing demand for some skills that can be performed more efficiently with AI.

Not only is there a clear benefit for employees, but labor productivity is also increasing in industries where AI is used to complete certain tasks. According to the report, growth here is 4.8 times faster than in other industries.

AI can fill important gaps in the labor markets, as PwC economist Mehdi Sahneh explains. “AI could be the missing piece in the UK's productivity puzzle and give a boost to the economy, wages and living standards.”

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Source: https://www.basicthinking.de/blog/2024/05/23/studie-gehalt-ki/

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