AI and job loss

Are you noticing any Job losses due to AI?

By Mike Schiano

This is a time of great enthusiasm for artificial intelligence (AI). Employers and employees are excited about the prospects of the new tools coming online. We are introduced to new versions of AI driven tools and ways to use these tools to become more productive every day.

Students, small business owners, investors, and individuals seeking to cash in while avoiding having to hire people to help them build businesses are on the tech bandwagon.

A recent report from Venturebeat reiterates the looming threat to jobs that many are either ignoring or are ignorant to.

According to the International Monetary Fund (IMF) “almost 40% of global employment is exposed to AI.” Brookings said last fall in another report that “more than 30% of all workers could see at least 50% of their occupation’s tasks disrupted by gen AI.” Several years ago, Kai-Fu Lee, one of the world’s foremost AI experts, said in a 60 Minutes interview that AI could displace 40% of global jobs within 15 years.

AI is here and as I point out in AI Is Coming for Your Job, you can take action now to upskill and ride the AI wave while others are struggling to find work.

Let me know your thoughts on surviving in the age of AI.