"Dario Amodei, CEO of Anthropic, a leading AI company, fed those fears when he said that AI could wipe out half of all entry-level white-collar jobs in the next one to five years and increase unemployment in the US to 10% to 20%. In October, Bernie Sanders, the top Democrat on the Senate education and labor committee, issued a report saying AI and automation could replace up to 97m jobs in the US over the next decade."
"In a recent panel discussion I moderated, Daron Acemoglu, an MIT economist and winner of the 2024 Nobel prize in economic sciences, said there were essentially two routes for developing AI: an anti-worker route and a pro-worker route. He voiced dismay that tech companies were focused on the anti-worker route a route that aims to develop AI in ways that maximize automation and maximize job reductions."
Most people worry that AI will trigger large-scale layoffs and a disastrous job market, especially for younger workers. Projections include AI wiping out half of entry-level white-collar jobs within one to five years and raising US unemployment to 10–20%, and automation replacing up to 97 million US jobs over the next decade. Such shifts could deepen existing income inequality as investors capture gains while many workers lose employment and fall into a new underclass. Daron Acemoglu identifies two development paths for AI — an anti-worker route focused on maximal automation and job cuts, and a pro-worker route — and warns the chosen path will determine labor-market consequences.
Read at www.theguardian.com
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