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    duncanrogoff
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    AI Revolution: Jobs Lost, Jobs Gained—Adapting to the Future of Work

    AI's Impact on the Job Market: A Shifting Landscape The increasing integration of artificial intelligence (AI) into various industries is causing significant shifts in the job market, particularly affecting entry-level positions. Recent data shows a concerning rise in unemployment among recent college graduates, reaching 5.8%, a trend that raises questions about AI's role in this disruption. Companies are already implementing AI solutions to streamline operations. Klarna, for instance, has successfully integrated an AI assistant that handles two-thirds of its customer service interactions, reducing the need for human agents. Meanwhile, startups like Artisan are openly advertising their AI sales agents, claiming these agents can generate millions in revenue, highlighting a broader trend of AI replacing human roles. "AI is quietly taking over the kinds of roles new grads usually get," says Duncan Rogoff, an AI expert featured in a recent video discussing this issue. However, the story isn't entirely bleak. While approximately 85 million jobs are predicted to disappear due to AI by 2025, projections also indicate the emergence of around 97 million new roles in the same timeframe. This transition presents both challenges and opportunities. While 71% of workers express insecurity about the effects of AI, 91% of businesses currently using AI technology plan to expand their teams. This underscores the need for workers to adapt and acquire new skills to remain competitive in the evolving job market. The future of work requires adaptability, continuous learning, and a willingness to embrace new technologies.

    2 months ago
    US
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    analytics
    ai
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