AI is about to revolutionize “US efficiency” with devastating social consequences. With AI (supported by other technologies), 30 % of hours currently worked across the US economy could be automated. See the McKinsey Study
By 2030, activities that account for up to 30 percent of hours currently worked across the US economy could be automated—a trend accelerated by generative AI. However, we see generative AI enhancing the way STEM, creative, and business and legal professionals work rather than eliminating a significant number of jobs outright. Automation’s biggest effects are likely to hit other job categories. Office support, customer service, and food service employment could continue to decline
12 million Americans will lose their job within the next 6-7 years.
A “stimulus” package in itself will not fix the problem, because “stimulus” will only increase occupation in remaining job types, not help people made redundant by AI learn to master new types of occupations which will emerge.
Jobs taken by automation are always replaced – but that is over time. And many of those who lose their job because of AI may likely not be employable for the new jobs being created with AI.
Poster Comment:
So if we are losing 12 million jobs, why so many legal and illegal aliens?