"A single AI model can displace thousands of cognitive jobs across multiple industries overnight,"
"if AI delivers on its promise, there's likely to be a jobs crisis."
Rapid AI advancement poses the potential for a historic labor shock by displacing cognitive roles across multiple industries. A single AI model can eliminate thousands of jobs nearly overnight, creating a gap between layoffs and new opportunities. Job losses are likely to outpace job creation over the next five to ten years unless large-scale retraining and policy measures are implemented. Several major firms have already cited AI as a driver of head-count reductions. New AI-related roles often demand skills or credentials that many displaced workers lack, leaving entry-level positions especially vulnerable and increasing societal risk.
Read at Business Insider
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