The highest unemployment rate during the great depression was 24%. The knockon effects of almost 12% of the ecconomy losing work will make that pale in comparison. But hey, this 12% is probably just at the beginning. After all, AI is the worst it will ever be.
This seems like a recipe for guillotines or UBI. Wonder wich the rich will choose?
Edir: was he the first of many?
To maximize labor savings, I think the AI could definitely replace the C-Suite of all companies. The humans currently in those roles are already wrong about what is actually needed at the ground level so no one will notice.
The issue is that a lot of times, the “value” these executives bring is not with their managerial, decision making skills. It’s their status, industry recognition, and social connections. How can AI replace that?
If the other companies also have AI executives then they will be more comfortable talking to each other in that AI language
I propose we do fun stuff like replace all traffic control, cars, airplanes, boats and trains all to ai. Remembering that AI currently only really can choose the best possible word and not a word that has actual intension. If that doesn’t end badly too quick, let’s do all cooks and pharmacists. Then we can do all wall street investment. If all that works, then we can have several AIs argue with each other about nukes, the winner decides to launch or stay.
I would say we should start a people’s economy that cuts out shareholders and focuses on the needs of the majority and stop honoring a corrupt system that allows billionaire South African apartheid Nazis and Israel to own our government and make us fuedal slaves. Stop honoring a social contract that doesn’t honor the people
Wow, AI replacing over 10% of the workforce? Talk about a game changer! I hope they’re planning for the potential unemployment crisis that could come from this.
I hope they’re planning for the potential unemployment crisis that could come from this.
Ha ha. Of course not! We, the unwashed masses, can all just go eat shit.
Horse shit. Not a single example of what exactly “AI” will replace, just a bunch of hand-wavy “the simulation says” quotes. Just another “news” article in the endless stream of bullshit propaganda, most likely funded by the AI bullshit machine.
Not a single example of what exactly “AI” will replace
Lawyers? Doctors? Novelists? Digital art creators? Medical researchers? Astronomers?
Those are just the ones I could think of, but basically anything that uses words, pattern recognition, or graphics.
Anyone who trusts an AI lawyer or doctor will get exactly the kind of service they deserve.
Better service with a more reliable and repeatable doctor for cheaper? I mean, yeah, everyone deserves that.
Literally a hard coded bot that just follows the exact same steps but coded by a professional doctor would be better than most american health care. The sheer ability of a bot to be repeatable and consistent immedietely places them in a different echelon for delicate procedures in the medical field. While LLMs have inherit vulnerabilities such as hallucinations, an actual AI trained on all the precedent cases for our legal system would be the greatest lawyer ever created. Effectively free because it can be run on your local computer, and yet with all the legal knowledge of our entire country in a fairly indexable package? Sounds incredible.
The biggest bit of muance here is that, admittedly, i dont realistically see AI replacing humans entirely at least in the short term. For creative processes that youre not willing to license out to a generative model largely trained on poisoned ai slop, the only way to get a bot to produce anything decent is to give it near human level intelligence at least within its field. Human level intelligence is a much trickier thing to create than basic dumb automation.
If an AI lawyer or doctor costs 1/10,000 the cost, a lot of people will risk it. Hell, insurance companies would be drooling over the opportunity.
insurance companies would be drooling over the opportunity
It’s actually the opposite: https://futurism.com/future-society/insurance-cyber-risk-ai
Different context of AI utilization. AI to deny claims is a dead giveaway. For the other stuff, they’ll chip away at it.
What a big if you imagined
None of these things will be replaced. They will be (and are) assistants, which is nice, but the idea that whole professions will be usurped is fantasy.
Welcome to lemmy where every question is 100% or 0%. AI will augment many professions leading to a lower need for such people.
To be clear: this data comes from an agentic AI simulation.
Incredible. “AI can do your job. How do we know? The AI told us, duh.”
“The voices in my head are friendly and good. My friend here told me *gestures to air*”
I feel like you have to make a lot of underlying assumptions to call a hard shot like this, but to be fair I didn’t read the study.
I think it’s time for tech CEOs and healthcare CEOs to fear the common man.
If one CEO doesn’t play ball, have them catch an assassin’s bullet and let their replacement know he better tighten the fuck up or he will be next.
12% of the workforce is CEOs?
I have questions about the macroeconomic implications of AI replacing jobs. Does this mean that those workers will shift to other non-AI jobs? Or does this mean that unemployment goes up and there just aren’t any jobs for people any more?
The way I am thinking about this, if corporations are able to hoard more wealth and increase profits substantially by getting rid of the need to pay people, how does the economy function if the money that would be paid to those workers is no longer circulating back into the economy?
If people then will get money from a UBI instead of labor income, who pays the government taxes? Corporations? Consumption taxes on people?
If corporations manage to get labor costs to near zero, profits go to near infinity, which is the goal of profit maximizers. But then there is no money in the hands of individuals to be able to pay to consume the goods or services these corporations provide? Is this desire to replace human labor with AI not just a living example of the myth of Icarus?
Any economists out there interested in breaking these issues down into more of a layman language for me? Thanks!
Does this mean that those workers will shift to other non-AI jobs? Or does this mean that unemployment goes up and there just aren’t any jobs for people any more?
Well, it’s a nuanced matter. In the short term? People will shift jobs. But theres 2 peovlems with that: (1) this creates a glut of workers in the short term because there can only be so many plumbers; (2) it takes a long time to shift careers because there’s time needed to retrain.
For 2, take doctors for example. If AI can do the job, that doesn’t mean that MD can just take off and be a plumber. That takes time, and its faster to make new Ai for other doctor positions too. In they retool to a plumber, they need to learn how a water heater works. Add onto that the massive investment into robo-tizing that. Also, it was a huuuuuge investmemt into being a doctor. It takes k-12 grade school, 4 year for your bachelor’s, then 4 more for the md. That’s 20 years.
For 1, if there’s a glut, that means wages are suppressed. Also, that becomea an attractive field for AI to take over.
