"Goldman Sachs had some study about a year ago that said worldwide AI could destroy 300 million jobs. I don't know. You know, that's a, the Goldman Sachs thing, you know, or a McKinsey thing. Oh, yeah, we've got it all figured out. 10 years from now, we know exactly what's gonna go on. But the, but the, the truth of the matter is that"
"there does appear to be a capacity for a lot of companies to take certain things that people have to do and replace them with AI. Now, it may not be perfect. You may not be able to get rid of a thousand people because you've got a great AI infrastructure. Maybe it's only 125, but if you believe what a lot of pundits and also people who are smart and experts in in tech and employment."
Studies and expert estimates suggest AI could eliminate millions of jobs domestically and hundreds of millions worldwide, while also driving substantial productivity gains. Companies can replace many human tasks with AI, though implementations may be imperfect and reduction scales vary. Significant labor displacement could raise unemployment and risk triggering economic downturns despite efficiency improvements. Historical technological revolutions generated new roles, but transitions were uneven and often difficult for affected workers. The economic outcome will hinge on how quickly displaced workers can retrain, how new jobs are created, and how policymakers and businesses manage the transition.
Read at 24/7 Wall St.
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