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It's important to consider the rate of change and cost of job-switching. In America, there are no national programs for adult education, most Americans aren't
by losteric 3y ago
It's important to consider the rate of change and cost of job-switching.
In America, there are no national programs for adult education, most Americans aren't aware of impending industry shifts, and 60% of Americans still live paycheck-to-paycheck without the time/money to adapt themselves.
If AI replaces N repetitive customer service jobs with additional labor demand in engineering, product development, logistics, etc... hopefully new demand = N, but at the same time we really need to ask how practical it is for those N employees to fulfill the new demand. If they can't retrain, the result is some combination of higher wages for those with the skill, offshoring, and lower wages for those displaced into even less skilled labor.
- DenisM 3y agoYou’re picturing a system where high-skill jobs are created and low skill jobs are destroyed while the rest of the system remain static. Consider an alternative dynamic: High-skill jobs created by AI will drain the brains from the next lower level skill jobs, which will open up promotion opportunities from even lower skill levels, creating openings at those levels as well. It’s turtles all the way down. Not saying it’s true, but it could play out that way.