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PwC Report Highlights AI’s Growing Impact On The Labour Market

The Two-Track Future Of Work

In a comprehensive study of over one billion job listings across six continents, PwC has revealed how artificial intelligence is fundamentally reshaping the global labor market. Their 2026 AI Jobs Barometer illuminates a dual trajectory where AI not only augments decision-making and creativity but also creates distinct professional and democratised career paths.

Professionalised And Democratised Roles

PwC’s findings suggest the emergence of a “two-track” labour market. In professionalised roles, including radiology and recruitment, AI helps automate routine tasks, placing greater emphasis on human judgement and expertise. Democratised roles, such as IT service management and medical secretarial work, are shaped by AI’s ability to simplify tasks for people without specialised knowledge.

Robust Growth And Enhanced Compensation

According to the report, professionalised roles are experiencing twice the job growth and salary increases that are 42% faster than those recorded in democratised roles. Companies with greater exposure to AI are also seeing stronger headcount growth. Employment at these firms increased by 53%, compared with 36% among their less-exposed peers, while wage growth reached 24% versus 17%.

Productivity Gains And Superstar Performers

PwC also examined the relationship between AI and productivity. The top 20% of companies with the highest levels of AI integration recorded a 163% increase in labour productivity since 2018. Across AI-exposed sectors, productivity growth reached 34% compared with previous years.

Rising Demand For AI-Specific Expertise

Demand for jobs requiring AI-related skills, including prompt engineering and machine learning, is growing almost eight times faster than the overall market. Since 2019, the number of AI-specific roles has increased by 69%, compared with 8.6% growth across the broader job market. Wage premiums for professionals with AI skills also increased, reaching 62%, up from 57% a year earlier.

Implications For Entry-Level Roles

AI-exposed occupations are increasingly requiring skills typically associated with more senior positions, including leadership, creativity, and interpersonal communication. As a result, openings for these “seniorised” positions increased by 35%, while entry-level roles in other sectors declined by 10%. According to PwC, these trends show how AI is influencing job requirements and productivity across industries.

Web Summit 2026 Brings 70,000 Participants From 164 Countries To Lisbon

Around 70,000 people from 164 countries attended this year’s Web Summit in Lisbon, with China sending its largest delegation to the event so far. More than 50 representatives from the country’s artificial intelligence and robotics sectors took part, reflecting China’s growing presence in technologies reshaping manufacturing and services.

Founded in Dublin in 2009, Web Summit moved to Lisbon in 2016 and has since developed into one of Europe’s major technology conferences. The event brings together start-ups, investors and industry leaders, providing a platform for companies to present new technologies and explore business opportunities.

This year’s gathering also highlighted China’s expanding influence in the global technology industry, a trend noted by Web Summit founder Paddy Cosgrave.

Storm Charles Interrupts Conference Programme

The summit’s schedule was disrupted on November 11, when Storm Charles forced organisers to cancel activities for the day. The programme resumed on November 12, allowing the event to conclude as planned.

Despite the interruption, this year’s Web Summit highlighted several key developments shaping the technology sector, including advances in robotics and automation, intensifying international competition and continued demand for platforms connecting businesses with investors.

For Lisbon, the conference remains an important international technology gathering, bringing together companies and decision-makers while showcasing innovations moving towards commercial application.

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