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Scenario Planning for AI and the “Jobless Future”

O’Reilly Media·Tim O’Reilly·about 1 month ago
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We all read it in the daily news. The New York Times reports that economists who once dismissed the AI job threat are now taking it seriously . In February, Jack Dorsey cut 40% of Block’s workforce , telling shareholders that “intelligence tools have changed what it means to build and run a company.” Block’s stock rose 20%. Salesforce has shed thousands of customer support workers , saying AI was already doing half the work. And a Stanford study found that software developers aged 22 to 25 saw employment drop nearly 20% from its peak, while developers over 26 were doing fine. But how are we to square this news with a Vanguard study that found that the 100 occupations most exposed to AI were actually outperforming the rest of the labor market in both job growth and wages, and a rigorous NBER study of 25,000 Danish workers that found zero measurable effect of AI on earnings or hours? Other studies could contribute to either side of the argument.…

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