AI’s Unprecedented Impact on Employment: A Glimpse into the Future
The rapid advancement of artificial intelligence (AI) and robotics is poised to reshape the global workforce in ways previously unimagined. While technological progress has historically led to the creation of new jobs, the current trajectory suggests a significant shift toward job displacement. Economist David Autor highlights that since around 1980, job losses due to automation have not been fully offset by new roles, particularly as AI now targets professional, technical, and managerial occupations. (reuters.com)
The potential for AI to surpass human cognitive capabilities, driven by massive computing advances, places approximately 15–30% of jobs in developed markets at risk. This trend is likely to produce deflationary pressure and may necessitate expanded government intervention to redistribute wealth from tech owners to displaced workers. (reuters.com)
The United States and China are poised to lead in this technological revolution due to strong industrial policies and dominance in advanced technologies. Their tech rivalry may outlast current trade disputes, with both nations investing heavily in AI and robotics to maintain a competitive edge. (reuters.com)
While some argue that AI could create more jobs, such claims are often speculative and rely on flawed productivity assumptions. The exponential pace of technological change makes such scenarios uncertain, and the focus may need to shift from job creation to addressing the societal impacts of widespread automation. (reuters.com)
In conclusion, as AI and robotics continue to evolve, their impact on employment will be profound and multifaceted. Society must proactively address these challenges to ensure a future where technological progress benefits all.
Source: Reuters
Date Published: 2025-08-19
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