After much discussion, the debate over job displacement from artificial intelligence is settling into a consensus. Historically, we’ve never experienced macro-level unemployment from new technologies, so AI is unlikely to make many people jobless in the long term — especially since most advanced countries are now seeing their working-age populations decline. However, because companies are adopting ChatGPT and other generative AI remarkably fast, we may see substantial job displacement in the short term.
Companies That Replace People with AI Will Get Left Behind
Investing in innovation — not cutting costs — will position companies to thrive in the long run.
June 23, 2023
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Summary.
Companies are integrating AI into their operations so quickly that job losses are likely to mount before the gains arrive. White-collar workers might be especially vulnerable in the short-term.The speed of this adoption presents an opportunity for companies to step up their pace of innovation, however — and if enough companies to go on offensive, then we won’t have to worry about AI unemployment. Adopting a bias for boldness and a startup mentality will help companies find the agility to make the most of this moment, and protect jobs as a result.