So often we hear that we shouldn’t worry about AI as ‘industrial/technological revolutions always create more jobs than they destroy’ … and if we look back in 30 years’ time this may have turned out to be true, BUT there is no guarantee, and we should keep in mind the financial services disclaimer that ‘past performance does not guarantee future results’.
There isn’t going to be a ‘big bang’ when jobs are suddenly lost, but a drip, drip of corporate press releases that talk about efficiency savings and process improvements brought about by AI – and the jobs that will not need to be filled as a result. Adam Riley and I have been considering this on our Substack.