💼 Risk of Structural Labor Market Crisis Due to AI
Mark Hershberg warns of a massive labor market crisis caused by the rapid implementation of AI. According to WEF data, up to 92 million jobs could be at risk of displacement by 2030, and 39% of existing skills will become obsolete.
🌍 Companies will have to solve the "build vs buy" dilemma regarding employees, which could exacerbate inequality. Small businesses will be the most vulnerable due to a lack of resources for large-scale staff retraining.
👤 Skill transformation is moving faster than educational adaptation. It is critically important for mid-career professionals to pay attention to retraining programs, as AI capabilities are doubling every 7 months according to METR.
Source 1: https://www.thecareertoolkitbook.com/blog/ai-requires-a-labor-market-bailout