PwC reports that AI-heavy sectors are outperforming in productivity and wages. Research analyzed nearly one billion job ads from 2018 to 2024. Findings show AI-exposed industries have over three times the revenue growth per employee compared to less affected sectors.
From 2018 to 2022, revenue per employee grew by 7%. This surged to 27% from 2022 to 2024. Meanwhile, industries like mining and hospitality saw a slight decline in this metric.
Jobs requiring AI skills carried an 11% salary premium in 2024. Key sectors for this growth include information and communication, financial services, and professional services. 
Umang Paw, CTO at PwC UK, stated:
“There are still many unknowns about AI’s potential. By highlighting a correlation between industries that are using AI the most and revenue growth, job vacancies, and wages, our findings offer a signal of what AI could deliver.
“AI can provide stardust to those ready to adapt, but risks leaving others behind. A concerted effort is needed to expand access to technology and training to ensure the benefits are widely shared. In the Intelligence Age, the fusion of AI with technologies like real-time data analytics – and businesses broadening their products and services – will create new industries and fresh job opportunities.”
However, job openings in AI-adjacent roles are lagging. Growth in such vacancies is just 12% from 2019 to 2024. In contrast, less exposed roles grew by 50%. The gap has widened since the rise of GenAI in 2022.
In related news, Microsoft CEO Satya Nadella revealed that around 30% of code in some Windows repositories is AI-generated. He noted AI excels at writing new code rather than modifying existing work.
