Artificial Intelligence and Labor Market Transformation: A Critical Socioeconomic Analysis

Because to the improvement of modern computer hardware and the ongoing development of algorithms, the use of artificial intelligence is becoming more widespread in all areas of life. In this work, we look at how artificial intelligence is being applied in fields like finance, healthcare, industry, information, education, and social life, with a special focus on the manufacturing sector. This trend is growing rapidly and seems unstoppable. For future careers, the rise of artificial intelligence is both exciting and challenging. It creates many new job opportunities but also leads to the disappearance of some low-cost, labor-intensive jobs, putting pressure on the job market. The employment standards have risen significantly, with AI-savvy managers and experts earning much more than manual workers. As a result, the revenue levels of workers are gradually increasing. The arrival of AI technology has also caused major changes in the job market, as automation technologies are replacing many repetitive and basic skilled jobs.