AI and Millennial Careers at Risk: A Chadix Study Explores Generational Impact
Title: Millennials Fear AI Impact on Their Careers, Survey Reveals
In this era of rapidly evolving technology, the conversation around AI automation and its impact on careers is a pressing one. A recent study by Chadix, a learning and leadership development company, sheds light on how AI is reshaping roles and raising concerns about the future of work, particularly for Millennials.
This insightful survey, conducted among 2,278 business leaders, entrepreneurs, and professionals, reveals critical insights into how AI is affecting different generations. The results show stark generational differences in vulnerability to AI-driven disruption, with Millennials emerging as the most at risk.
Millennials on the Front Lines
The study underscores that Millennials (ages 28-43) face the highest risk of AI-driven job displacement, with 38% of the respondents believing that this generation is most susceptible due to their roles in industries heavily investing in automation.
While every generation is impacted in different ways, the impact on Millennials is particularly significant, primarily in mid-level positions in industries like marketing and finance, where tasks like data analysis and project management are increasingly being automated.
Generational Impact
The findings also reveal that:
- Generation Z (ages 12-27) – A total of 25% of business leaders cite Gen Z as the second-most AI vulnerabile generation due to their concentration in entry-level roles in sectors heavily prone to automation. Despite their tech-native skills, limited experience can increase their displacement risk.
- Generation X (ages 44-59) – About 20% of business leaders rank Gen X at moderate risk, primarily in technical and operational roles. They may struggle to adapt to fast-evolving technologies and limited re-skilling opportunities.
- Baby Boomers (ages 60-78) – Only 10% of respondents believe Baby Boomers will be affected by AI, primarily due to their nearing retirement or occupying senior roles difficult to replace with AI.
- None (all ages) – About 7% of the business leaders believe AI’s impact will be evenly distributed across all generations, with job functions—not age groups—driving vulnerability.
The Jobs Most at Risk
The survey also identified the fields most vulnerable to AI automation. Here are the jobs in descending order of threat:
- Administrative/Clerical (57.1%)
- Customer Support (46.1%)
- Marketing/Creative (35.1%)
- Technical/Engineering (29.4%)
- Management (15.4%)
As AI transforms industries and automates tasks, employees can future-proof their careers by focusing on human skills and embracing adaptability. Chadix founder Danny Veiga offers seven tips to help professionals remain competitive in an AI-driven workforce.
By mastering AI-human collaboration, focusing on creativity and innovation, building cross-functional expertise, investing in lifelong learning, cultivating emotional intelligence, embracing entrepreneurial thinking, and taking ownership of AI integration, Millennials and other generations can equip themselves with the skills required to thrive in an AI-driven world.
As AI reshapes industries, it's crucial for professionals of all ages to adapt and embrace the opportunities that arise. AI isn't the end of the road for careers; it's an opportunity to evolve, and the key to navigating this new landscape lies in leveraging our uniquely human skills.
Sources:[1] Chadix (2023). The Impact of AI on Generations and Careers.[2] Landry, K. (2022). Millennials’ Careers at Risk as AI Waves over Job Market. [online] Forbes. Available at: https://www.forbes.com/sites/katherinelandry/2022/05/07/millennials-careers-at-risk-as-ai-waves-over-job-market/?sh=6cda2e1b18e4[3] Veiga, D. (2023). Facing AI-Driven Disruption: Strategies for Millennials. [online] Chadix. Available at: https://chadix.com/ai-disabled-millennials[4] Future of Jobs Report (2018). The World Economic Forum. Available at: https://www3.weforum.org/docs/WEF_Future_of_Jobs_report_2018.pdf
In light of the study's findings, Millennials in marketing and finance industries, with tasks like data analysis and project management becoming increasingly automated, need to adapt their skills to remain competitive in an AI-driven workforce. Moreover, leadership initiatives focused on AI-human collaboration and lifelong learning can assist Millennials and other generations in thriving in the changing career landscape.
