"Sanders followed up with the examples of Bill Gates, the founder of Microsoft, who once predicted that humans won't be needed for most things, and Dario Amodei, the CEO of Anthropic, who more recently said that AI could lead to the loss of half of all entry-level white collar jobs. Hinton thinks that these predictions "are probably right.""
""So you often see articles saying, 'oh, AI's not going to replace jobs, AI fails in lots of things,'" Hinton said. "AI currently does fail in some things. What you have to remember is we're in the very early stages. This is a new technology. It's getting better very fast." "I don't believe it's going to create as many new jobs as it replaces," Hinton added of AI later in the conversation."
Many multibillionaire investors have not fully absorbed that if workers lose pay, there will be nobody to buy products, risking massive social disruption and very high unemployment. Predictions that AI could eliminate a large share of entry-level white-collar jobs appear plausible. AI currently fails at some tasks but is an early-stage technology that is improving rapidly. The expectation is that AI will replace more jobs than it creates. These developments raise student concerns about future job prospects and economic security and highlight potential gaps in corporate consideration of broader societal consequences.
#ai-job-displacement #mass-unemployment #white-collar-job-loss #economic-insecurity #corporate-responsibility
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