Renowned economist and Nobel Prize winner, Christopher Pissarides, is urging the younger generation to exercise caution before diving headfirst into science, technology, engineering, and mathematics (STEM) careers, given the rise of artificial intelligence (AI). Pissarides emphasizes the need to foster "empathetic" and creative skills, which he believes will be invaluable in a world increasingly dominated by AI.
Pitfalls of Overemphasizing STEM
Professor Pissarides, an economics professor at the London School of Economics, advises against an unbridled rush towards STEM subjects. He warns that certain IT jobs may inadvertently contribute to their own demise by advancing AI development, potentially rendering those jobs obsolete.
While expressing overall optimism about AI's impact on the job market, Pissarides expresses concern for those relying solely on STEM careers. Despite the current surge in demand for STEM skills, he predicts that traditional face-to-face skills in sectors like hospitality and healthcare will continue to dominate employment opportunities.
"The skills needed now will make the current skills obsolete because AI will be doing the job," he explains, emphasizing the self-destructive nature of the demand for new IT skills.
The Popularity of STEM Education
In recent years, STEM subjects, particularly computer science, have gained popularity as students seek to enhance their employability. However, the exponential growth of AI raises questions about the long-term viability of these careers.
Balancing Technical and Soft Skills
Looking ahead, Pissarides underscores the enduring importance of managerial, creative, and empathetic skills that are less susceptible to AI automation. Professions such as communications, customer services, and healthcare are expected to remain in high demand.
Advocating for a shift in perception, Pissarides encourages recognizing the value of jobs involving personal care, communication, and good social relationships. He emphasizes that such roles are better than the jobs school leavers used to take up.
Nobel laureate Christopher Pissarides urges a balanced approach to education and career planning. While STEM fields hold promise, a diverse skill set encompassing "empathetic" and creative skills, coupled with soft skills in communication and interpersonal relations, is crucial as AI continues to advance.
Pissarides' cautionary words serve as a reminder that the job landscape is evolving rapidly. A diverse skill set provides a resilient and adaptable career path in the face of this evolution. As students and professionals navigate the complex terrain of future employment, striking a balance between technical proficiency and uniquely human qualities remains key.