I do not think we'll see mass unemployment. But I do think we'll see mass disruption.Past automation technologies had the most effect on low-skilled workers. But with generative AI, the more educated and highly skilled workers who previously were immune to automation are vulnerable. According to the International Labor Organization, there areglobally, between 20% and 30% of total global employment.
Permanent mass unemployment can safely be ruled out, but in the short term, the transition will be messy. Ifwere automated by AI, and one-third of workers' workload replaced, it would take only a small segment of the broad white-collar class to simultaneously experience job losses or transitions for it to have a dire impact on the broader economy. This sort of monumental reshuffling requires preparation on the part of governments and businesses.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Girl Math' personal finance trend goes viral on TikTok'Girl Math' is the latest financial trend going viral on TikTok where purchases under $5 don't count and big ticket items should be measured by their cost per wear
Source: BusinessInsider - 🏆 729. / 51 Read more »