Artificial intelligence, robotics, and technology will slowly and steadily displace millions of workers. It will happen industry by industry and you won’t even know what’s happening until it comes for your job
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. It will happen industry by industry and you won’t even know what’s happening until it comes for your job. The so-called professionals promise that AI and related technology would only replace repetitive tasks for workers on the lower end of the job market and free people up for more meaningful work. What we are actually seeing is that AI is being aggressively deployed by investment banks, law and accounting firms, hospitals and major corporations to displace white-collar professionals.
As people live well into their 90s and longer, they will delay retirement and work into their late 70s to ensure that they have sufficient funds to support themselves. Many older people will work just to have healthcare benefits. When Social Security was first enacted, the average lifespan in the U.S. was roughly in the mid 60s. A person would retire, collect a small pension and supplement it with Social Security. Today, very few—if any—corporations offer pension plans.
As the gig economy becomes mainstream, corporations will realize that there is little need to maintain expensive corporate offices, pay benefits and bear the burden of full-time permanent employees. Instead, companies can offer project work for people when they are needed. These contractors can work from home, won’t receive benefits and will save money for the corporations.
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