The Reality Check: Examining the Link Between AI and Job Shortages

Job cut reports published these days show an interesting picture of the reasons why more and more people lose their jobs and cannot find new ones. We already know some reasons behind it, such as supply shortages, bankruptcy, and of course, the Covid-19 pandemic in 2020. On top of this, there is another reason more influential than the latter ones, and it’s artificial intelligence.

In the United States, artificial intelligence contains a higher risk  to the job market, than business outsourcing or relocations. In the world generally, businesses don’t have the best idea about how to deal with AI capabilities, so sometimes they look at it as a worthless trend, and sometimes they maybe exaggerate its role as a perfect human replacement. 

However, a closer look at certain sectors, such as online casinos, reveals a more nuanced relationship between AI and human employment. While AI tools are integrated into online gambling platforms, these casinos still prioritize the human touch to provide live sessions, tournaments, and interactive experiences. This demonstrates that the integration of AI does not necessarily lead to job loss but instead calls for employees to develop and utilize valuable skills. Let’s go deeper into the topic.

From online poker to live casino games, the human touch is still important

The rise of online gambling has revolutionized the casino industry, offering convenience and accessibility to players worldwide. This is a rich industry and also pretty much progressive in terms of integrating technological advancements into its daily operations, which is a perfect example to understand the real drama between AI and homo sapiens. AI has played a significant role in any online poker site with a variety of live games. It has optimized processes, and improved efficiency, thanks to which mentioned businesses can provide secure and equal opportunities. 

However, online casinos didn’t consider replacing human involvement a good option, recognizing the importance of maintaining the human touch in their services. Live sessions, tournaments, and live dealer games continue to be popular features, where players can interact with real individuals, feeling a sense of personalized treats.

By embracing AI technology, online casinos can automate tasks like data analysis, fraud detection, and customer support. On the other hand, while players appreciate service development behind the screens, they also value the opportunity of getting a human touch when they play live dealer games, for example. Interpersonal communication becomes more important than ever, as this quality cannot be replicated by AI systems.

If You Know How to Use It, You Will Use It for Good

It’s not surprising that people see a threat in the development of AI technologies since innovations usually are not welcomed by many. The valuable lesson can be taught by countries that are ahead in adopting AI not as a replacement but as a partner to human resources. 

One such country that stands out for its progressive approach to AI is Singapore, known for its strong digital infrastructure and government support. It has become a hub for AI research and development, using AI algorithms in different infrastructures, including the public transportation system.

Another country doing remarkable work in AI is Germany, where people focus on precision engineering and industrial automation, which recently has been empowered by the integration of AI technologies. Now, the question is how much are the job markets in these countries affected by the implementation of artificial intelligence? 

From what we know, Germany, for instance, is the number one country in Europe that has the most advanced economic growth and keeps the unemployment rate at the lowest level. On the other hand, the job market in Singapore has been rising unprecedently, opening new opportunities for professionals, which means at least at first glance, AI is not a challenge for these countries, but a great opportunity.

What Is It They Do Right?

Firstly, they are serious about it. In many countries, artificial intelligence is just a tool that can be used by individuals, startups, or giant businesses for the sake of the development of their services and operations. On the contrary, Singapore, for example, has a whole strategy regarding the AI industry, which has been proposed by the Government itself. In a nutshell, they have already institutionalized artificial intelligence, declaring their idea about not just adopting AI, but fundamentally reshaping the model of the business environment.

Secondly, these countries are open to educating their people and standing next to employees not to announce them about job shortages but to empower them with new skills and knowledge. The strategy in Germany is that simple: The AI will change some business structures but the Government will do everything to implement a continuing education strategy for employees. These examples indicate the importance of the right approach, which can define the odds differently and create more opportunities. The significantly valuable thing here is the strategy that governments would adopt and keep the AI industry under good control.