A recent report from Bank of America reveals that 60% of jobs currently available in the United States were nonexistent in 1940. The analysts contend that dire forecasts regarding artificial intelligence are inconsistent with both economic principles and current data. The labor market is continually evolving, as economists point out. For instance, in the early 20th century, agriculture employed approximately 40% of the American workforce, while now it comprises a mere 1% of jobs. Furthermore, the rise of e-commerce has not eradicated the retail sector; in fact, around 16 million individuals are still employed in this field in the U.S., comparable to figures from the 1990s. The report emphasizes that "adaptability is the new job security." According to the bank's projections, the introduction of AI is expected to impact one in four jobs globally, which amounts to around 840 million positions, with high-income nations likely seeing up to one-third of jobs affected. However, this does not necessarily equate to job losses, as only 2.3% of occupations are at risk of full automation. Will your job still be around in 50 years?
Informational material. 18+.
