The Dangers of AI and Its Potential Impact on Employment Opportunities

Authored by John Mac Ghlionn via The Epoch Times

There are currently 6.47 million unemployed people in the United States. Due to fierce competition, credential inflation, and companies becoming more selective, many of these people may find themselves unemployed for the foreseeable future. To compound matters, the jobless must also factor in another huge obstacle: AI-enabled machines and automation.

It’s natural to fear new technology. The printing press was met with shock and horror. So, too, were inventions such as the telephone, the radio, and TV. But AI is nothing like these rather benign creations. It’s a completely different animal altogether, one that has the power to destroy countless professions but also create several eye-opening opportunities. Some analysts warn that AI will alter the employment landscape permanently. According to researchers at Oxford University, AI poses a direct threat to 47 per cent of U.S. jobs. ChatGPT and other AI chatbots have people worried, understandably so.

In the UK, over the next two decades, AI will leave at least 7 million people jobless, according to analysts at PwC. Considering the UK has a population of 67 million, 7 million is a huge number. At the same time, however, AI will create 7.2 million new jobs. The same is true in the United States. AI is predicted to create more jobs than it will destroy. This part is so often, either consciously or otherwise, omitted from the “AI will replace us” conversation.

Of course, whether or not people have the opportunity, time, or finances to upskill is an important issue that requires further consideration. Nevertheless, on the job front, AI is not as destructive as many might assume. Just to note, the professions most at risk include rather repetitive actions, like data entry roles, telemarketing, and receptionist work. Although AI won’t remove humans from the job equation, at least not in the immediate future, it does pose a different, arguably more ominous threat to individuals, especially those residing in the United States.

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