As artificial intelligence (AI) begins to gain traction in today's technological world. The media, academia, and literature have all taken an interest in AI because of the buzz around its possible effects on the job market. Many have predicted a dramatic change in the character of employment in light of the concerns surrounding AI and its potential effects on the future of work. The need to understand the ethical consequences of these technical advancements has been highlighted by the progress in automation and artificial intelligence. Both the automation of cognitive functions and the possibility of modifications to organisational structures and management systems are related to the ongoing evolution of AI. Our study covers the implications that many businesses may face as a result of using AI and automation. We chose to take on the challenge of figuring out how AI will impact our workforce, productivity, and economic development since we know it will be a crucial topic to address in the future years of technological advancement. We hope that by analysing the many ways AI may affect jobs, we can shed light on the topic and help shape future debates, regulations, and strategies for AI's fair and equitable integration into the workplace. We found that AI may boost productivity, simplify operations, and provide new job possibilities, all of which have a favourable effect on the workforce. When AI and automation are used more often, productivity rises, which in turn may boost GDP.