The AI jobs apocalypse probably isn't coming anytime soon
2 hours ago
- Anthropic's report found no systematic increase in unemployment for highly exposed workers since late 2022, with AI deployment remaining below potential.
- Productivity growth has been slower during the AI era compared to the 1990s IT boom, despite surging data center spending.
- Even AI leaders like Sam Altman now doubt job-killing potential, and the public narrative has shifted to a less cataclysmic view.
- The 'O-ring' argument suggests AI's imperfect performance can increase the value of remaining human tasks, limiting overall employment disruption.
- Adoption of AI is expanding rapidly but there are political and economic challenges, including high energy costs and rapid depreciation of AI investments.
- Doubts persist about AI's ability to handle non-computational problems and its economic viability at a price society will accept.