Is AI Going To Take YOUR JOB!? Report You HAVE To SEE!! A study coauthored by Open AI and top academics has addressed the existential question of whether AI would displace many workers
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AI Could Displace Almost 80% of Jobs, Says Study
A study coauthored by Open AI and top academics has addressed the existential question of whether AI would displace many workers, with a conclusion that almost 80% of jobs in some way could be affected by AI very soon. The jobs that are most at risk of being disrupted by AI are those that pay the most, according to the authors. The growth of AI has no correlation with productivity growth, therefore AI could make everyone and everything more productive. Although concerns around inaccuracies and bias in AI responses are widespread, the authors argue that they are largely irrelevant because people will be able to customize AI to their liking. For example, someone could modify GPT chat to give them unfiltered answers to their questions. However, the authors concede that they don’t know for sure how AI will affect jobs, admitting that AI experts may not fully understand just how much AI could impact physical jobs. On average, 15 out of 100 tasks in any job could be replaced by AI, however, only 10% of associated tasks could be done by AI.
The study suggests that individuals holding bachelor’s, master’s, and professional degrees are more exposed to low-level machine learning than those without formal education credentials. Additionally, the more advanced the job, the more likely it is to be disrupted by AI, according to the study. Jobs in Zone 1 require the least preparation, and jobs in Zone 5 require the most preparation.
Authors caution that the growth of AI will lead to massive economic disparities that could call for more social safety nets, i.e., universal basic income. They also warn that AI’s implications on American policy could be huge, as incorporating AI into workflows is likely to result in increased productivity.
There are two reasons why governments will not allow AI to continue evolving unchecked. Firstly, AI is too deflationary. Now, for context, deflation is very bad when you have lots of debt. Almost every government has massive amounts of debt they can’t repay and have been trying to inflate it away. If AI becomes truly integrated within the economy, everything would gradually become cheaper, as it would take less time, less money, and less effort to produce the same output.