‘Gradually then suddenly’: Is AI job displacement following this pattern?

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Whether by automating tasks, serving as copilots or generating text, images, video and software from plain English, AI is rapidly altering how we work. Yet, for all the talk about AI revolutionizing jobs, widespread workforce displacement has yet to happen. It seems likely that this could be the lull before the storm. According to a recent World Economic Forum (WEF) survey, 40% of employers anticipate reducing their workforce between 2025 and 2030 in areas wherever AI can automate tasks. This statistic dovetails well with earlier predictions. For example, Goldman Sachs said in a research report two years ago that “generative AI could expose the equivalent of 300 million full-time jobs to automation leading to “significant disruption” in the labor market. According to the International Monetary Fund (IMF) “almost 40% of global employment is exposed to AI.” Br ... Read full article.