AI will radically reshape job market, global economy, employee productivity

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AI is going to eliminate way more jobs than anyone realizes

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.

 

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