Why was the Pharaohs Ihnton dead

 

## AI Won't Steal Your Job... Probably: A Realistic Look at Automation's Impact on the Workforce

 

Pouryourself a cup of tea, put your feet up, and relax. Despite widespread anxieties, Artificial Intelligence (AI) probably won't be taking your job anytime soon. This comforting conclusion stems from a recent study conducted by the Budget Lab at Yale University, in collaboration with the Brookings Institution.

## AI Won't Steal Your Job... Probably: A Realistic Look at Automation's Impact on the Workforce

## AI Won't Steal Your Job... Probably: A Realistic Look at Automation's Impact on the Workforce

• AI has undeniably become a significant concern for working-age adults,
•  particularly Gen Z, who find themselves on the front lines of this
•  technological revolution. Approximately two-thirds of this generation fear
•  that AI will disrupt their job market or even replace them entirely. However,
•  the Yale study offers a more measured perspective.

"Our indicators show,

 overall, that the broader labor market has not experienced any significant disruption since the launch of the famous chatbot 'ChatGPT' 33 months ago, which alleviates concerns that AI-powered automation is undermining demand for cognitive labor [meaning jobs that rely on thinking, analysis, decision-making, and knowledge...] across various sectors of the economy," the study states.

 

1. Furthermore, the researchers highlight that "historically, large-scale
2.  technological shifts in workplaces occur over decades, not months or years."
3.  This suggests that any major upheaval will be a gradual process, allowing
4.  time for adaptation and new opportunities to emerge. Therefore, perhaps we
5.  can postpone our worries for a few years, rather than dwelling on them now.

 

The researchers based their conclusions on an analysis of official U.S. labor market data, in addition to figures related to AI adoption and exposure in the technology sector. Crucially, they found only very limited indications in these sources that AI is directly leading to widespread employee layoffs.

 

The changes observed in job composition since

 the advent of generative AI (designed to create new content such as text, audio, images, or videos) in 2022 appear to be "a reflection of the same trends" witnessed during previous revolutionary technological innovations, such as the emergence of the internet.

•  Recent shifts indicate that these changes in job composition are "proceeding
•  at a pace of only about one percentage point higher compared to the early
•  21st century," when many of us began our day by opening web browser
•  windows with our first sip of morning coffee.

 

So, why then did the recruitment platform Adzuna find that the number of job opportunities not requiring extensive experience or advanced academic qualifications decreased by approximately one-third (specifically 31.9 percent) since ChatGPT's launch in November 2022? Is the United Kingdom, where Adzuna's figures are based, truly that different from the United States? Or was it simply quicker to embrace the new technology?

 

Perhaps the situation is more complex than it appears. If you’ve reached this conclusion, congratulations, you’ve hit the nail on the head. Banks and other large corporations are likely doing what they’ve always done: looking for ways to cut costs, even if that means, well, closing the door on new hires, which later leads to significantly higher costs when experienced professionals are needed a few years down the line.

 This wouldn't be the first time banks and major companies, on both sides of the Atlantic, have fallen into the trap of short-sightedness driven by the desire for quick gains.

 

Why then do CEOs and tech sector employees make such a fuss and hype about what they describe as a revolution in the world of business and jobs? A revolution that Adzuna’s figures suggest has already begun, while the Yale University research contradicts it?

 

We've grown accustomed 

to viewing AI as the "villain" in the story. Therefore, it's not surprising that CEOs exploit this image when laying off employees in pursuit of higher bonuses. In fact, this technology provides them with a "convenient enemy" to blame. Undoubtedly, some also see keeping the workforce in constant fear that smart robots will replace them as an effective way to encourage them to work harder. It's the perfect time to boost productivity.

 

• Here's a simple piece of advice: ignore it all. In the early days of my career,
•  we used massive, heavy mainframe computers with green text interfaces on
•  black backgrounds (before graphical interfaces emerged). The internet wasn't
•  available, 

and mobile phones were exclusively for photojournalists. If you wanted to look up past articles about a specific person or topic, you had to send a request to a central library. There, employees would rummage through archives, pull out a collection of newspaper clippings, and then send copies via fax machine.

 

Clearly,

 the advent of the internet led to those library workers losing their jobs, but they naturally found alternative employment. Moreover, employment rates in the UK today are much higher than they were back then, despite increased automation and the accelerating pace of technological development over recent decades.

 

1. Unemployment rates are indeed rising currently. However, some academics
2.  on this side of the ocean might be interested in comparing the impact of AI to
3.  that of UK Shadow Chancellor Rachel Reeves. For my part, I'd bet that the
4.  latter, compared to ChatGPT and its counterparts, is having a far greater
5.  negative impact due to policies that raise taxes on labor.

 

Indeed, 

generational fear of AI varies significantly. A Deutsche Bank survey of approximately 10,000 people in the United States, Germany, France, Italy, Spain, and the United Kingdom showed that workers aged 18 to 34 are more concerned about losing their jobs compared to those over 55.

 

• Baby Boomers and Generation X appear more optimistic about AI than their
•  younger counterparts. This is partly due to their holding more advanced
•  professional positions, and partly, most likely, because they have experienced
•  similar transformations before.

 

Yes, we've faced significant technological shifts in the past that felt like "earthquakes" striking our lives, but we successfully adapted, and we will do so again. So, calm down, Gen Z. You will undoubtedly survive.

 However, it might be wise to rethink those complaints you record on TikTok while sitting in the back seat of a car... they probably won't help you land a new job when your CEO is next stressed and angry and decides to let you go.