Nobel Prize Winner Cautions on Rush Into STEM

A Nobel Prize-winning labor market economist has cautioned younger generations against piling into studying science, technology, engineering, and mathematics (STEM) subjects, saying as 'empathetic' and creative skills may thrive in a world dominated by artificial intelligence. From a report: Christopher Pissarides, professor of economics at the London School of Economics, said that workers in certain IT jobs risk sowing their 'own seeds of self-destruction' by advancing AI that will eventually take the same jobs in the future. While Pissarides is an optimist on AI's overall impact on the jobs market, he raised concerns for those taking STEM subjects hoping to ride the coattails of the technological advances.

He said that despite rapid growth in the demand for STEM skills currently, jobs requiring more traditional face-to-face skills, such as in hospitality and healthcare, will still dominate the jobs market. 'The skills that are needed now -- to collect the data, collate it, develop it, and use it to develop the next phase of AI or more to the point make AI more applicable for jobs -- will make the skills that are needed now obsolete because it will be doing the job,' he said in an interview. 'Despite the fact that you see growth, they're still not as numerous as might be required to have jobs for all those graduates coming out with STEM because that's what they want to do.' He added, 'This demand for these new IT skills, they contain their own seeds of self destruction.'

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