AI Skills Wage Premium: How AI Boosts Salaries

AI and Wage Premiums: The article by Colin Gleeson discusses a PwC report on the impact of artificial intelligence (AI) skills on job wages. The report, titled “2024 Global AI Jobs Barometer,” analyzed over half a billion job ads from 15 countries, revealing that jobs requiring AI skills command significant wage premiums across various markets, including the US, UK, Canada, Australia, and Singapore. For instance, US sales managers with AI skills can earn 43% more than those without. The report also highlights sectors with higher AI exposure, such as customer services and IT, are experiencing labor productivity growth nearly five times higher than other sectors. Moreover, job openings for roles requiring specialist AI skills have grown 3.5 times faster than the overall job market since 2012. The findings suggest that AI could help overcome labor shortages and low productivity growth, leading to economic development, higher wages, and improved living standards.

Irish Times, PwC
Not Applicable
May 21, 2024
AI-exposed sectors experience productivity surge as AI jobs climb and see up to 25% wage premium: PwC 2024 Global AI Jobs Barometer
Irish Times - Many jobs requiring AI skills ‘carry significant average wage premium’