AI Revolution: Job Displacement, Creation, and Skill Transitions in the Labor Market

In recent years, AI (artificial intelligence) has already become the most debatable topic among societies. One issue, or anxiety, has risen from this historical revolution: same as what had happened in the last two times, the AI revolution could lead to an inevitable unemployment and structural overturn in societies, frightening people with the severe consequences of losing their jobs. This paper aimed to further investigate the change in society caused by AI revolution by viewing the latest datas, reports, and essays that also focused on the study of AI revolution. Admitting the forecoming unemployment and job transition, this paper found that, different from the traditional transition of demanding jobs and skills, artificial intelligence replaces some occupations, but it creates new employment opportunities for some non-professional or low-level labor forces. This paper has also found that AI mainly replaces some STEM occupations, such as big data processors, and some occupations involving simple interactions, such as online customer service representatives. Therefore, this paper also discussed the specific types of skill demanded in the future.