Yong Zhao: More and Different: The Impact of AI on Future Jobs and Education - Education in the Age of Globalization

Education in the Age of Globalization » Blog Archive » More and Different: The Impact of AI on Future Jobs and Education

More and Different: The Impact of AI on Future Jobs and Education 

“Better-paid, better-educated workers face the most exposure” to AI, concludes a  recent report about the impact of Artificial Intelligence on jobs in the future. This conclusion should make us question the widely held belief that our children should get more education. More education is never a bad idea and has long been believed to lead to better lives, more income, for example, as illustrated in the diagram below.

https://www.ssa.gov/policy/docs/research-summaries/education-earnings.html

Historical data suggest that the premium of education has increased over the years. The payoff of more education has grown significantly from the 1960s to the 2010s as shown below.

https://ourworldindata.org/uploads/2013/07/ourworldindata_changes-in-real-wage-levels-of-workers-by-education-autor.jpg

The strong link between more education and better earnings is universal, true in almost every society.

https://ourworldindata.org/returns-to-education

But will this be true in the future? A recent Brookings Institution report suggests that the link between education and income may be weakened because of Artificial Intelligence (AI). Using a new approach toEducation in the Age of Globalization » Blog Archive » More and Different: The Impact of AI on Future Jobs and Education