Are we at Risk of being Replaced ??????
Technological unemployment is unfortunately a byproduct of progress.
Mechanized looms reduced artisan weavers to poverty. the tractor forced millions out of job and robotics has sliced countless workers in all types of manufacturing . The increasing integration of AL will ultimately , yield greater productivity in the near term, the result of which has historically led to culls in employment.
The concerns are legitimate, but during this period AL will not be nearly be at such a developmental stage that its widespread adoptions will triggers mass layoffs. The technology will still be used in relatively niche applications and will not yet achieve a level of critical mass that would threaten employment on a global scale.
In most areas, AI is poised to replace tasks, not jobs.
However, global employment will not escape unscatted. By automating tasks that realy on analyses, subtle judgments and problem solving.AI can be a threats to low - skill, predictable and routine jobs in industries, like retails and financial services and indirectly through the broader automation of the auto industry and certain other manufacturing industries.While it is difficult to project the exact impact at this stage , assuming 5% of the jobs in these industries are routine in nature, we expects 50-75 million jobs globally , or 2% of the worldwide work force , will be potentially affect due to the advent of AL_ a significant number. but one that pales in comparison to the opportunity AL will create.
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