Industry Intelligence Surveys

PwC Survey: AI-exposed Sectors Experience Productivity Surge as AI Jobs Climb and See Up to 25% Wage Premium

Sectors more exposed to AI are experiencing almost fivefold (4.8x) greater labor productivity growth ('AI exposed' means AI can readily be…

Michael Webb | May 30, 2024

  • PricewaterhouseCoopers offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM

    Sectors more exposed to AI are experiencing almost fivefold (4.8x) greater labor productivity growth ('AI exposed' means AI can readily be used for some tasks)

  • Postings for AI jobs are growing 3.5x faster than for all jobs. For every AI job posting in 2012, there are now seven job postings
  • Jobs that require AI skills carry up to a 25% wage premium in some markets
  • AI-driven spike in productivity could allow many nations to break out of persistent low productivity growth, generating economic development, higher wages and enhanced living standards
  • Skills sought by employers are changing at a 25% higher rate in occupations most exposed to AI. To stay relevant in these occupations, workers will need to demonstrate or acquire new skills

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labor productivity, according to PwC's inaugural 2024 Global AI Jobs Barometer.

The report, which analyzed over half a billion job ads from 15 countries, suggests that AI could allow many nations to break out of persistent low productivity growth, generating economic development, higher wages and enhanced living standards.

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