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AI's Impact on Irish Jobs: Winners & Losers

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New study reveals AIs impact on Irelands job market: winners and losers, with highly educated workers at risk. AI adoption boosts productivity and wages, but may widen income gaps. Fiscal hits and benefits depend on adaptation speed. Long-term, AI should lift living standards, but requires significant investment in upskilling and retraining.

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AI's Impact on Irish Jobs: Winners & Losers

Belfast News Today | 2 Min News | The Daily News Now!

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Belfast News Today | 2 Min News | The Daily News Now!AI's Impact on Irish Jobs: Winners & Losers. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's April 8th. You're listening to Europe News today, AI-powered coverage from every European capital. A fresh study from Ireland's Economic and Social Research Institute and the Department of Finance drops some real talk on AI adoption, there'll be. Winners and losers in the job market. Firms rolling out AI could displace about 7% of current jobs in the short to medium term, hitting highly educated workers' hardest sense. Their roles overlap with AI's strengths like image recognition and translation. Meanwhile, the good side shines for folks who stick around and use AI tools, their productivity jumps, pushing average wages higher. Ireland's got a super skilled workforce and tech scene, so this is both a challenge and a big opportunity, though the study notes it can predict. Brand new jobs AI might create. On the impact front, high-risk spots include IT technicians, customer service clerks, and clerical workers, while builders refuse collectors' health, pros and ag workers face

way less threat for automation. But here's the kicker. This shift could widen income gaps, with job losses for some, wage bumps for AI users, and more capital gains flowing to the wealthy. New details show Ireland's tax and welfare setup can cushion low income folks' short term through higher benefits and lower taxes. People hits depend on how fast people retool, if displacement drags, tax revenue dips, and welfare costs spike, but quick adaptation means revenue gains, from productivity. In the long run, AI should lift living standards across the board, but smoothing this out means heavy investment in upskilling, retraining, and lifelong learning to keep everyone in the game.

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