Abstract for: Inefficient use of Human Capital in Finance: the impact of AI and the risk of Unemployment

The purpose of our work is to conduct a comprehensive analysis of the labor market in Kazakhstan, forecasting the need for financiers considering factors like the development of AI, the cost of education and the financial aspects of universities. The system dynamics method is used to account for interrelated processes, instability and time delays in the system. We expect that our model, as a tool, will help employers, universities as well as government agencies to adjust educational programs, do predictions of demand for specialists in labor market and develop measures to stabilize the labor market taking into consideration technological trends.