"Andrew Yang has warned for several years that automation would upend the American workforce. In the run-up to his 2020 campaign for the Democratic presidential nomination, he predicted that self-driving cars alone could displace a million mostly male truck drivers with limited education - a shift that could "destabilize society" and even trigger "riots in the street," he told The New York Times in 2018. Seven years later, Yang says the crisis he feared is no longer hypothetical."
"Recent analyses indicate that AI and automation are already capable of performing a significant share of US labor tasks and are reshaping employment. MIT's Iceberg Index, released last week, found that current AI systems can already technically perform skills representing 11.7% of the US labor market - roughly $1.2 trillion in wages across finance, healthcare, and professional services."
Andrew Yang warned that automation could upend the American workforce and potentially destabilize society by displacing large numbers of workers. He predicted self-driving cars could replace about a million truck drivers, and now characterizes that prediction as becoming reality. Recent analyses show AI can perform a meaningful share of U.S. labor tasks, with MIT estimating 11.7% of the labor market technically automatable, representing roughly $1.2 trillion in wages. Major companies cite AI in hiring and layoff decisions, with some aiming to automate large portions of operations, intensifying concerns about mass job displacement and calls for a funded universal basic income.
Read at Business Insider
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