More salary through the use of AI? That is definitely possible. According to a study, your salary can be up to 25 percent higher on average for many AI-related jobs.
The changes in the labor market due to advances in artificial intelligence are not yet foreseeable in the long term. Many studies and surveys repeatedly state that AI will either cost masses of jobs or create numerous new ones.
However, the consulting firm PwC has now looked at a completely different aspect in a new study. It looked at the extent to which salaries are already changing 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 accountants, lawyers and app programmers.
The difference in salary for AI-related jobs was astonishing. In the USA, for example, this averaged 25 percent.
According to the study, jobs that require skills in the field of AI are paid up to 25 percent more than comparable jobs in the same field. In the UK, the figure was 14 percent, in Canada eleven percent.
“Countries and sectors where there is a high demand for AI skills tend to have higher pay premiums, particularly where there is a shortage of skilled professionals,” explains Mehdi Sahneh, Senior Economist at PwC UK.
A sales manager in the US whose job requires AI skills can expect a 43 percent higher salary. Accountants in Canada receive a 17 percent higher salary if the job advertisement includes AI. Lawyers in the UK can expect a 27 percent increase if they are familiar with AI.
More and more jobs require AI skills
Jobs that use artificial intelligence are no longer a rarity. According to the PwC report, the number of these jobs in the countries surveyed grew 3.5 times faster than the total number of jobs between 2012 and 2023.
Employees literally have to keep at it. According to PwC chief economist Barret Kupelian, “the skills required by employers in occupations affected by AI are changing around 25 percent faster”.
As AI continues to take off, this trend is likely to intensify, creating new professions and simultaneously reducing demand for some skills that can be performed more efficiently with AI.
This is not just a clear plus for employees. Labor productivity is also increasing in industries where AI is used to perform certain tasks. According to the report, growth here is 4.8 times faster than in other sectors.
AI could close important gaps in the labor markets, as PwC economist Mehdi Sahneh explains further. “AI could be the missing piece in the UK’s productivity puzzle and give the economy, wages and living standards a boost.”
