Financial commentators are divided on when AI will begin replacing human workers at scale. Some say within a year it could double or even triple unemployment across the US, Canada, Europe, Australia and the UK. Others think it may take three or four years. Either way, it feels less like a question of if and more like when the tide turns against educated people searching for solid careers.

Companies such as Amazon, Citigroup, Dell, UPS, Intel, Klarna and Cisco are already cutting staff. Not all of it is driven by AI, but automation is clearly part of the picture.

The most exposed roles are junior cognitive jobs. Data entry. Basic coding. Paralegal research. Copy-writing. One senior employee using AI can now produce the output that once required several juniors. So why bring in inexperienced hires?

If that trend accelerates, graduate recruitment could shrink quickly.

Maybe unemployment spikes. Maybe it climbs more gradually. But two years from now things could look very different, and if joblessness rises sharply, interest rates could drift back toward zero worldwide for some time. Good if you live on credit. Not so good if you rely on passive income from savings.

Hopefully soon. We really dont deserve this beautiful planet the way we act. Its shameful.

2 minutes ago, blaze master said:

Hopefully soon. We really dont deserve this beautiful planet the way we act. Its shameful.

That's more of a moral issue, whether humanity deserves the planet, but the question certainly has merit. I don't worry too much about the planet over the next few hundred years. It will survive man's own destruction of humanity. Other animals are under greater threat. Especially their habitats.

27 minutes ago, SoCal1990 said:

That's more of a moral issue, whether humanity deserves the planet, but the question certainly has merit. I don't worry too much about the planet over the next few hundred years. It will survive man's own destruction of humanity. Other animals are under greater threat. Especially their habitats.

Isn't it something like 99 percent of all species to ever exist are already extinct. More will come and replace what is here. Not justifying our actions causing harm but it is only a spec of time.

1 hour ago, SoCal1990 said:

Not so good if you rely on passive income from savings.

dont expect things to remain the same.

but AI is also supposed to bring deflation.

It has been called "Judgement Day", and it may be coming soon.

Seniors will replace juniors with AI. So who will then be seniors when todays seniors retire? Is this the beginning of the end for capitalism? There will no longer be people with skills to use and control AI.

Skynet is waiting patiently in the wings.
As a boomer I love AI... my speech to text is straight out of Star Trek... My typing is now perfect as is my spelling.

In one or two gereations there will be very little motivation for human beings to learn. Social media has already robbed us of any sense of subjective reality, and AI has stepped in to start dumbing down the human species. Higher learning will become a hobby for the wealthy, and the job market will be transformed into a service facility for AI and all the robots.

We're screwed, which is probably a good thing for the rest of the inhabitants of the planet. It's coming fast, and I'm grateful to age-limit out of this mess 😝

4 hours ago, blaze master said:

Hopefully soon. We really dont deserve this beautiful planet the way we act. Its shameful.

Speak for yourself. I deserve it.

Ok, I got good news and bad news.

Good news: AI will replace everyone at the top of the food chain and basically run the govt in 15 years. Presumably, AI will not be as crazy as humans and start wars every 15 minutes.

Bad news: We got 15 more years of Hell to go through.

1 minute ago, save the frogs said:

Good news and bad news.

Good news: AI will replace everyone at the top of the food chain and basically run the govt in 15 years. Presumably, AI will not be as crazy as humans and start wars every 15 minutes.

Bad news: We got 15 more years of Hell to go through.

I really hope Mo is right. Ive listened to him quite a bit he seems like one of the good ones.

In the not too distant future folks will be given lodging, food and medical free but will be on their (Gov) terms. Food stamps and other forms of welfare is just a prelim. You'll be told where you live, what you eat and medical treatment will be at the gov discretion.

Enjoy...........

Asking for a friend.......none of this will have an impact on soi 6 or Nana Plaza will it?

6 hours ago, MIke B Bad said:

Asking for a friend.......none of this will have an impact on soi 6 or Nana Plaza will it?

It depends. In Japan they are hard at work on an AI sex bot that could replace biological receptacles. No more porkers that are fifty-pound overweight with stretch marks running from Bangkok to Angeles City. Might be a game changer. That's just what a friend told me.

Ai is a bit like Uber. Grab, Bolt etc..

Uber became popular almost overnight and why ? Simply because customers all over the world, were just fed up in getting cheated by the official taxis. With Uber, no more cheating on the rates or using longer routes as to run up the meter. That is when they accept the meter.

Ai is the same thing for other services. Take things like accountants for tax returns, legal services, even sometimes a basic doctor's visit. Many tend to inflate the bill. With Ai, all this BS will stop.

Ai is also a valuable asset for retail businesses. Many backward nations in western Europe are still living in the communist claims of workers rights from the 20th century. Extended hours for keeping shops open are refused by the labour unions, sundays etc. With Ai systems, there are now food supermarkets and shops with almost no staff and open 24/7.

The point here is that when society automates itself to an excess, does use Ai or robotics all over, this is usually done to get freedom from some absurd laws, rules or dishonest practices or overcharging in the fields services.

On the other hand, I would rather see wars with legions and battalions of robots fighting each other rather then having humains getting killed on battlefields.

The danger however is that with fewer people working, you get fewer taxes. This needs to be checked by governance and a balance maintained. Those using Ai should be asked of course to reduce their prices but also to make a contribution and pay tax that is proportionate to the number of humain jobs removed.

If not, the entire system could collapse.