"As a result, many are wondering what the relationship is between AI's rise and labor's stagnation. While economists like Daron Acemoglu argue that any impact AI has on workers won't be felt for a decade - if it comes at all - tech CEOs are telling a different story: that AI is about to flip our whole world upside down."
"Though he's careful not to be too giddy about it - as some other tech execs have been - the Alphabet CEO is peddling a well-worn brand of AI fatalism. Basically, AI is inevitable, and it's coming for all of our jobs whether we like it or not. Pichai, who recently became a billionaire, even believes that his role as CEO will be "one of the easier things" for AI to take over."
U.S. job growth has stagnated for months, creating a low-hire economy that weakens worker leverage, suppresses wage growth, increases freelance hiring, and degrades benefit packages. Investment in AI is accelerating, shown by large data center builds and a buoyant stock market, despite slowing measurable efficiency gains. Estimates of timing and scale of AI's labor impact vary; some expect delayed effects while others anticipate rapid disruption. AI is characterized as having extraordinary potential benefits alongside significant societal disruption, requiring workforce adaptation and possible transformation of many occupations, including leadership roles.
Read at Futurism
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