AI Is Expected To Kill a LOT of People's Jobs By 2030

THE RECENT WORLD ECONOMIC FORUM SURVEY FOUND THAT AI WILL KILL A LOT OF JOBS BY THE YEAR 2030

This isn’t totally shocking news, but it is unwelcome and hitting just a bit earlier than expected. The World Economic Forum just released its bi-annual survey, which essentially reports what employers across the globe expect their businesses to look like in the near future. Obviously, Ai was the prime focus on new technological impact, and the news isn’t very good for labor, organized or otherwise. In a nutshell, AI is expected to kill a LOT of jobs in the next 5 years, or 2030. And considering the scope of this survey, this will affect people you know, if not you directly.

41% OF 1,000 EMPLOYERS WITH 14,000,000 EMPLOYEES EXPECT TO REPLACE HUMAN WORKERS WITH AI

The survey gets information from roughly 1,000 employers across the world, and collectively they employ over 14,000,000 workers. And these employers expect generative AI to have a major impact, if in different ways. But two numbers stand out, which is that 77% of the employers expect their current staff to be working with AI soon, and that 41% plan on reducing staff, using AI to instead automate those jobs. We’ve all “known” AI would be automating jobs, but not exactly when. And the answer is, essentially, pretty much now.

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2030 IS ONLY 5 YEARS AWAY, SO WHAT WILL THE JOB MARKET BE LIKE IN ONLY 10 MORE YEARS?

The only comparison I can think of is how robotics transformed production lines in recent decades, making humans working on a production line a thing of the past. It started slowly at first, but then quickly became the industry standard, with people largely being pushed aside by machines. Now, those machines are much more virtual, and the impact of AI automation killing jobs will be much more of a pervasive reality, across countless industries and disciplines. And just like robots making cars or whatnot, one the process begins, it will only accelerate, with people left behind with no income.

You can find the new report here.