AI-induced unemployment - a crisis in the making?

[Eric Huang]

As AI and automation become more capable, the threat of massive unemployment looms.

Could this lead to widespread economic collapse and social unrest? How should society prepare for such a future?

 

[Ja sa bong]

AI, automation and robotics will certainly have negative impact on jobs drastically. It will affect the economy if nothing is done to counter the new development. This is why human beings need to upskill and upgrade on every aspect of what they can do in order to still remain relevant in the face of huge dependence on AI, automation and robotics.

 

[svjiminfxv]

We are in worrying times when we look at AI and what it may be capable of in just a few small years. Many places are already struggling with unemployment and AI could only worsen this.

 

[Ja sa bong]

We are in worrying times when we look at AI and what it may be capable of in just a few small years. Many places are already struggling with unemployment and AI could only worsen this.

Yes, it's very prevalent in the tech sector. More than 200,000 people have lost their jobs this year. Google, Microsoft, Apple, PayPal and so many other big tech companies layed off hundreds of thousands of workers.