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October 9, 2024AI to Replace Only 5% of Jobs, Study Says
A new study reveals that AI may only replace 5% of jobs, countering widespread fears of massive unemployment, reports Yahoo Finance. The research suggests that most jobs will be augmented by AI, rather than eliminated, with sectors like healthcare, education, and customer service likely to see the biggest changes. Experts suggest a more optimistic future where AI serves as a tool to enhance, not replace, human workers.
Editor’s Comment: We believe this is a very optimistic perspective and if this economist studies AI as much as we do at PIAI, we would be of the opinion that these observations would change his view. But the real question is not how much gets replaced by AI, but how fast it gets replaced by AI. People and economies can adjust when it is gradual; they collapse when it is forceful.
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*An AI tool was used to add an extra layer to the editing process for this story.