AI and Jobs: Now-a-days everyone has the same worry as soon as they reach the office, ‘Will there be an AI tool to replace me?’ This is the fear of not only Asians but common employees. 200 leading economists and scientists, including 15 Nobel laureates, the chief economist of OpenAI, and the former CEO of Google, have warned governments around the world. If proper steps are not taken in time, artificial intelligence will swallow billions of jobs.
The danger this time is not to the factory workers, but to the ‘white collar’ i.e. corporate employees and professionals working on computers sitting in AC cabins. So let’s understand exactly which jobs AI is going to take over, how much time is left and who needs to be most vigilant.
Veterans in the field have released an open letter titled ‘We Must Act Now’. The letter states that in the next decade (10 years), AI will become so powerful that it will shake up the entire global economy. In the past, whenever a new technology came along, humans would have decades to adapt themselves to the change. But, AI is the fastest changing technology in human history. This change will happen so fast that the current unemployment insurance system and government system will not be able to cover the affected employees.
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According to experts from Stanford and MIT, AI’s first onslaught will be on employees doing ‘office work’, including data entry and back office jobs, customer support and calling, content writing and basic coding, financial analysis and junior lawyers.
MIT economist Daron Asmoglu says that just as industrial robots drove humans out of factories in the past, the same will happen to office-based professionals. If you do a job that fits the same mold every day, that doesn’t require much creativity or human interaction, then you need to be most alert.
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The veterans do not suggest any ready-made formula or policy to governments in this letter, but only a cautionary note. Experts say that tech companies should be encouraged to build AI systems that will help make their work easier and better, rather than completely replacing humans. If AI becomes a direct substitute for man instead of a helper, then the unemployment crisis in the near future can take a very serious form.
