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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Health Health Headlines News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Roadster production delays continue; release date, price, specsTesla Roadster production has been delayed for years. What we know about its price, specs, and release date.
Source: BusinessInsider - 🏆 729. / 51 Read more »

I tried the Co-Star astrology machine powered partly by AICo-Star has a new astrology machine that answers questions with ChatGPT. I tried it — and see how it's the future.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Viral World Cup ad uses deceptive editing in all the right waysInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Michael Jordan's Chicago mansion on the market for 10 years, photosTake a tour of Michael Jordan's Chicago mansion that's been on the market for 10 years and see why he can't sell it
Source: BusinessInsider - 🏆 729. / 51 Read more »

Disney CEO's strike comments draw backlash over his pay packageDisney CEO Bob Iger called Hollywood strikers 'not realistic.' His critics are calling his $27 million pay package unrealistic.
Source: BusinessInsider - 🏆 729. / 51 Read more »