Nobel Prize-winning economist Christopher Pissarides has cautioned against an overemphasis on studying STEM subjects in the face of the rise of artificial intelligence (AI). While Pissarides acknowledges the overall positive impact of AI on the job market, he warns that certain IT jobs may eventually be taken over by AI, potentially rendering STEM skills obsolete. Despite the current demand for STEM skills, Pissarides believes that jobs requiring face-to-face interaction, such as in hospitality and healthcare, will continue to dominate the job market. The popularity of STEM subjects has surged in recent years as students seek to enhance their employability in the future. However, Pissarides suggests that in the long run, managerial, creative, and empathetic skills will remain in high demand as they are less replaceable by technology, particularly AI. He emphasizes the importance of personal care, communication, and good social relationships in future job prospects. Pissarides urges against looking down on these types of jobs, as they may offer better opportunities than previous entry-level positions.
