Artificial intelligence is expected to upend the global labor market and make corporate site selection a highly data-driven process, but commercial real estate doesn’t think AI’s economic revolution is necessarily a negative for the U.S. workforce.
Banking and finance jobs remain popular today, but AI stands to wipe out or reassign 1.3 million jobs in the sector by 2030, according to London-based ISH Markit. A 2017 McKinsey report estimated as much as a third of global work activities could be displaced by AI in the same time frame, depending on the country.