As AI changes the nature of industries, nations should focus on a back-to-basics approach instead of focusing on job displacements through technological change. With insistent technological change, governments and institutions should focus on strengthening human skills, critical thinking, and adaptability towards effective coexistence with AI.
AI automation, undoubtedly, is transforming the nature of work; however, history tells us that technological changes create new opportunities and not merely eradicate jobs. Education, upskilling, and nurturing human creativity would give workers capabilities that AI is less likely to be able to emulate, like problem-solving, ethical reasoning, and emotional intelligence.
Rather than viewing the rise of AI as a threat, policymakers should redefine labor markets to complement AI-driven efficiencies. Encouraging innovation; supporting entrepreneurs, and general mainstream education with a focus on AI literacy; will bring economies into an AI-enhanced era.
The key will lie in embracing the potentiality of an AI takeover while reinforcing fundamental human capabilities. Thus, where education, adaptability, and development of responsible AI become priorities of nations in times of navigating the future, they will not compromise economic stability or security in the workforce.