The Impact of Artificial Intelligence on Job Automation

• AI seeks to automate wealth production and is being invested in heavily.
• In six weeks, Open AI was valued at $29 billion, a feat that took Facebook/Instagram two years/ five months/ 34 days/five days to achieve.
• AI is being applied in industries such as chatbot, copywriting and coding production.
• This could replace traditional human jobs in the Silicon Valley, threatening incomes of individuals in the job market.
• People are using AI results to get grades, despite not having the actual knowledge, devaluing learning in the school system.
• AI automation has been hailed as both a boon and a challenge for society.

Impact of AI on Society

• AI is changing the structure of the labor market, and it is projected that millions of workers in the Silicon Valley will lose their jobs to automation.
• Even though AI is a helpful tool, it can never replace learning and experience that a person gets from other people.
• AI will not be able to replace the ability of humans to have new and unique thoughts and experiences.
• AI can only study and observe things that were previously available on the internet, and it cannot bring new ideas to the table.
• AI will not be able to do intense tasks like writing books or hosting podcasts.
• If AI does become an advanced species, it is possible that it will treat us much better than we treat ourselves.
• AI has already replaced humans in many fields, such as farming, which required millions of workers a hundred years ago.

The Impact of AI on Jobs

• AI is rapidly replacing middle-skill jobs and will likely replace high-skill jobs in the near future.
• AI is capable of automating processes such as irrigation and measurements of the moisture content of soil, making human labour obsolete.
• This isn’t entirely new, as when computers entered the marketplace in the 1980s, jobs in I.T. arose while other jobs disappeared from the Yellow Pages.
• Careers such as YouTube influencing, or working in social media, did not exist at all only 15 years ago, yet are now very lucrative jobs.
• Despite the apparent loss of jobs facilitated by AI, the job market has increased in a number of new ways to employ the additional people who have been born over the past 40 years.
• To keep up, people would benefit from remapping their job ambitions and being aware that they may be replaced by machines.
• Andrew Yang’s concept of Universal Basic Income (UBI) is an intriguing solution for those that may have lost their job to AI, and ensure the discrepancies in wealth between automation and the people are not too wide.
• However, considering there are still activities that AI cannot do, such as building bridges and unique structures, it would be wise to prioritize the maintenance and modernization of infrastructure, which requires human labour.

Impact of AI on Jobs

• AI bots have the potential to enter the workforce, takig jobs traditionally done by humans, such as plumbing.
• AI bots cannot yet overtake certain manual labor jobs, and require human instruction, such as giving them a ‘butt crack tape’ as instruction.