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Billionaire Predicts AI Will Impact Jobs for the Less Fortunate

DATE: 10/17/2024 · STATUS: LIVE

Billionaire warns AI will replace jobs, hitting the less fortunate hardest. Importance of education and skill adaptation for future resilience.

Billionaire Predicts AI Will Impact Jobs for the Less Fortunate
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AI is changing the job market, and not everyone is ready. Recent articles discuss how job automation will affect people, especially those with less education. A billionaire's remark about AI killing jobs grabbed attention. While sipping margaritas, he predicted a future where many jobs disappear. He didn't hold back on how this might cause problems for those already struggling.

Many people worry about AI taking jobs. The technology keeps growing, and companies are adapting fast. Some people are losing jobs to machines that work quicker and cheaper. The less educated are often the first affected, as their jobs are easier to automate. People in tech are talking a lot about this. They see the change coming, but not everyone pays attention.

Rear view of an older businessman walking on a busy city street

Lewis von Ahn, CEO of the popular app Duolingo, says AI will make some jobs vanish. Yet, he believes this is not all bad. While some work will disappear, new jobs will appear. These new roles will focus on building and maintaining the AI systems. He notes that education is key. People need to learn new skills to keep up with the changes AI brings.

Some experts say AI could make life better by taking over boring tasks. They argue that this allows humans to focus on more creative and meaningful work. But, there's a catch. To get these new jobs, people must be ready and able to adapt. This means learning new skills, often before the old ones become useless.

Companies are racing to include AI in their operations. They hope AI will make them more efficient and reduce costs. But this rush creates risks too. If leaders do not consider the impact, they may hurt their workers. Training and education programs can help, but they need time and effort.

AI is not just a tool; it affects people deeply. As it grows, it raises big questions about fairness and opportunity. Who will benefit from AI advances? Will everyone have a chance to learn the new skills needed? These questions are tough but necessary.

The future of work is uncertain with AI on the rise. People, companies, and governments need to work together. They must find ways to support workers during this change. By focusing on education and skill development, we can create a fairer world. AI will not stop evolving, but we can make choices today that shape a better tomorrow.

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