AI could wipe out 100M US jobs over the next – Business News
Artificial intelligence and automation could wipe out practically 100 million jobs in the US over the next decade, in response to a report launched by Senate Democrats on Monday.
The evaluation – sarcastically based mostly on ChatGPT findings – discovered the new tech could erase jobs from a wide selection of fields, together with white- and blue-collar roles.
AI, automation and robotics could hit 40% of registered nurses, 47% of truck drivers, 64% of accountants, 65% of instructing assistants and 89% of fast food employees, in response to the Senate Committee on Health, Education, Labor & Pensions, led by Sen. Bernie Sanders (D-Vt.).
Artificial intelligence and automation could wipe out practically 100 million jobs in the US over the next decade, in response to the report. Gent Shkullaku/ZUMA Press Wire / SplashNews.com
“The agricultural revolution unfolded over thousands of years. The industrial revolution took more than a century,” the report stated. “Artificial labor could reshape the economy in less than a decade.”
Debates over AI regulation have been heating up in Washington.
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The Trump administration has argued that the US ought to lead the world in AI development, arguing that it could pose a national security menace if China wins the race.
Meanwhile, Senate Democrats are calling for elevated regulation on the sector – in addition to employee protections like a 32-hour workweek and a “robot tax” on firms switching to automation.
Sen. Bernie Sanders argued that AI is just getting used as a software to additional focus wealth. AP
Amazon and Walmart – two of the largest publicly-traded US firms by income – have already slashed tens of hundreds of jobs as they’ve leaned into automation efforts.
In an op-ed for Fox News on Monday, Sanders warned that the “artificial intelligence and robotics being developed by these multi-billionaires today will allow corporate America to wipe out tens of millions of decent-paying jobs, cut labor costs and boost profits.”
He argued that AI is just getting used as a software to additional focus wealth, nodding to CEOs who’ve invested billions into automation whereas asserting mass layoffs and cost-cutting measures.
Sanders warned of a devastating hit to employees in the manufacturing industry, in addition to truck, bus and taxi drivers, as automakers and tech startups more and more ramp up their self-driving initiatives.
The Trump administration has argued that the US ought to lead the world in AI development. terovesalainen – stock.adobe.com
“Some of the very wealthiest people in the world, including Elon Musk, Larry Ellison, Mark Zuckerberg and Jeff Bezos – are now investing hundreds of billions into these revolutionary technologies,” Sanders wrote in his op-ed.
“Why is that? Is it because they want to improve the standard of living of the 60% of our people who live paycheck-to-paycheck – Americans who are struggling to pay for groceries, healthcare, housing and education? Maybe. But I doubt it.”
“I think it’s because investing in AI and robotics will increase their wealth and power exponentially,” he continued.
