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AI Could Replace 300 Million Jobs, But Boost Global Economy

22.04.2025 08:49 AM
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AI Could Replace 300 Million Jobs, But Boost Global Economy
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Artificial intelligence (AI) could eventually replace the equivalent of 300 million full-time jobs, according to a report by Goldman Sachs. The technology is expected to automate about 25% of work tasks in the US and Europe, especially in administrative and legal roles, while creating new opportunities and driving productivity gains.
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AI Could Replace 300 Million Jobs, But Boost Global Economy

The report also predicts AI could increase the global annual output of goods and services by up to 7%. Generative AI—capable of producing content nearly identical to human work—is described as a significant technological leap.

Mixed Impact on Jobs

The UK government supports investment in AI, emphasizing that it should enhance rather than disrupt jobs. “We want AI to make work better, not take it away,” said Technology Secretary Michelle Donelan.

AI’s impact will vary by industry, the report finds—up to 46% of tasks in administrative jobs and 44% in legal roles could be automated, compared to just 6% in construction and 4% in maintenance.

Artists and creatives have voiced concerns, particularly about AI-generated images threatening their livelihoods.

Uncertain Outcomes

Oxford University’s Carl Benedikt Frey cautions against making definitive predictions. "We can’t know exactly how many jobs will be replaced," he said. "Generative AI may increase competition, lowering wages in creative fields without necessarily cutting jobs—much like how Uber and GPS impacted taxi drivers’ pay without reducing driver numbers."

While some studies show that 60% of today’s jobs didn’t exist in 1940, others suggest recent technological changes have displaced workers faster than they’ve created new roles.

Torsten Bell of the Resolution Foundation advises skepticism: “The long-term effects of AI are uncertain. We should weigh both the risks and the potential for higher living standards and improved services.”

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60 per cent of respondents said in the United Nations Development Programme they expected AI to impact their employment positively, creating opportunities in jobs that may not even exist today.
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Forty per cent of jobs globally could be impacted by the growth of artificial intelligence (AI) in the next decade, a new report from the United Nations said
Artificial intelligence (AI) may impact 40 per cent of jobs worldwide, which could mean overall productivity growth but many could lose their jobs, a new report from the United Nations Department of Trade and Development (UNCTAD) has found.

The report, which was published on Monday, says that AI could impact jobs in four main ways: either by replacing or complementing human work, deepening automation, and possibly creating new jobs, such as in AI research or development.

A handful of companies that control the world’s advancement in AI "often favour capital over labour," the report continues, which means there is a risk that AI "reduces the competitive advantage" of low-cost labour from developing countries.
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