#white-collar-job-loss

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fromFuturism
1 day ago

AI Will Destroy Millions of White Collars Jobs in the Coming Months, Andrew Yang Warns, Driving Surge of Personal Bankruptcies

"This automation wave will kick millions of white-collar workers to the curb in the next 12-18 months," Yang wrote. "As one company starts to streamline, all of their competitors will follow suit. It will become a competition because the stock market will reward you if you cut headcount and punish you if you don't. As one investor put it, 'sell anything that consists of people sitting at a desk looking at a computer.'"
Business
Artificial intelligence
fromBusiness Insider
3 months ago

The godfather of AI doesn't think CEOs have thought about one big thing that could happen if AI kills most jobs

AI will likely eliminate more jobs than it creates, and CEOs have not adequately considered resulting mass unemployment's impact on consumer demand and social disruption.
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