There are several grim assessments about how many jobs AI will eliminate in America. Large consulting firms say they will not hire people without AI experience. Accenture and KPMG say promotions will be based on whether people can use their AI tools. At a law firm, entry-level associates will find few jobs. Microsoft (NASDAQ: MSFT | MSFT Price Prediction) says much of its low-level coding is done by AI-based software.
As people enter college, they should skip coding classes in favor of physics training, Nvidia CEO Jensen Huang said. Palantir CEO Alex Karp says that degrees in general studies, literature, or philosophy are nearly worthless, even for people from the most elite schools.
National University recently released a study on the effects AI will have on future employment. “30% of U.S. workers fear their job will be replaced by AI or similar technology by 2029,” the study says.
JPMorgan (NYSE: JPM) CEO Jamie Dimon recently commented that AI job replacement “may happen “faster than we can adjust to. His company employs about 318,000 workers.
It appears academics and CEOs who think AI will affect millions of jobs are in the majority.
What do people do when AI replaces them? The answer is they may not be able to do anything. America’s dystopian future is one in which a large percentage of the population is unemployed, and there are no jobs for them. And, there is no ready way to make them employable. If you are fired due to AI, the unemployment may be permanent
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