PwC Report Highlights AI's Impact on Productivity and Wages
PwC has released its 2025 Global AI Jobs Barometer, revealing significant impacts of AI on productivity and wages. In a press release, PwC states that AI has led to a fourfold increase in productivity growth in industries most exposed to AI, such as financial services and software publishing. These industries saw productivity rise from 7% between 2018 and 2022 to 27% from 2018 to 2024.
The report also highlights a 56% wage premium for AI-skilled workers in 2024, doubling the 25% premium from the previous year. Despite concerns about job losses due to automation, job availability grew by 38% in roles more exposed to AI, although this was below the growth rate in less exposed occupations.
Additionally, the report notes that industries most exposed to AI experienced three times higher growth in revenue per employee compared to those least exposed. The demand for AI skills is rapidly changing, with employer requirements evolving 66% faster in AI-exposed jobs compared to the previous year.
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