Job Wars: The Impact of AI on Employment
Download MP3 Introduction:
- Are you still not sure how artificial intelligence is going to affect employment? Do you think your job is safe? Do you think any job is safe? Well, let's take a look at a few headlines just from today.
Key Headlines:
- The tech sector is pouring billions into AI but keeps laying off humans—that's a fact.
- According to The Guardian, AI will affect 40% of jobs and probably worsen inequality.
- The International Monetary Fund (IMF) predicts that 40% of jobs will be affected, a quadruple increase from just a year ago.
- The IMF also suggests that some jobs may disappear altogether, with only half of the jobs being negatively affected.
Industry Impact:
- What industries are looking at AI? How about building cars? Robots are looking better in Detroit as labor costs rise.
- Labor costs are a significant factor in many industries, including restaurants, landscaping, and contracting. The more AI can be integrated, the lower the labor costs.
Future Predictions:
- While certain tasks still require human expertise, it's just a matter of time before AI starts affecting more than 40% of jobs.
- Let us know in the comments: What's your opinion on this rapidly changing landscape?
