As AI replaces tech roles, salaries in other sectors receive $18,000 boost – The Economic Times

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As AI replaces tech roles, salaries in other sectors receive $18,000 boost - The Economic Times

As the world continues to grapple with the rapid advancement of artificial intelligence (AI), a fascinating trend has emerged in the job market. Contrary to conventional wisdom, AI adoption is no longer confined to the tech industry alone. In fact, a significant shift is underway, with 51% of all AI-related job postings now in non-tech sectors, according to a report by market intelligence firm Lightcast.

This transformation has far-reaching implications for the labor market, with AI skills commanding higher salaries and creating new career paths for professionals outside of traditional tech roles. In this article, we’ll delve into the details of this trend, exploring how AI is redefining salaries across industries and what it means for the future of work.

The Rise of AI in Non-Tech Sectors

While the tech industry has long been associated with AI adoption, a recent report by Lightcast reveals that the share of AI-focussed job postings in IT and computer science has declined from 61% in 2019 to 49% in 2024. This decline is a testament to the increasing demand for AI skills in non-tech sectors, where professionals can leverage their skills to secure better-paying jobs.

The Salary Boost

Job listings that mention AI skills offer salaries that are, on average, 28% higher, translating to approximately $18,000 more per year, compared to roles without such requirements. This significant salary boost is a major draw for professionals looking to upskill and reskill in the face of automation.

New Career Paths and Opportunities

As AI replaces certain tech jobs, many non-technical professionals are now seeing new career paths and better wages. This shift has created a surge in demand for AI skills in industries outside traditional tech, with generative AI (GenAI) roles in non-tech sectors surging by 800% since 2022.

The Future of Work

The rise of AI in non-tech sectors presents both opportunities and challenges for the future of work. While automation may replace certain jobs, it also creates new career paths and opens up new avenues for professionals to upskill and reskill.

Conclusion

The shift towards AI adoption in non-tech sectors is a significant development with far-reaching implications for the labor market. As AI replaces certain tech jobs, professionals outside of traditional tech roles can now leverage their skills to secure better-paying jobs and create new career paths. Whether you’re a seasoned professional or just starting your career, this trend is an exciting development that holds the potential to redefine the future of work.

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