Stanford University has issued a chilling warning about the impact of artificial intelligence on jobs. The number of job opportunities for young professionals in AI-affected sectors across the United States has dropped by 13% over the past three years.
According to a report from the Stanford Digital Economy Lab, AI is going to reduce the number of jobs available to human beings, and has already done so. Researchers cautioned that smart technologies are swiftly reshaping career prospects for entry-level workers, and the future is looking increasingly bleak.
This figure adds to growing concerns that recent college graduates are struggling to find work in fields that are shrinking due to automation. The report titled “Canaries in the Coal Mine? Six Facts about the Recent Employment Effects of Artificial Intelligence” warns that these early signs may indicate a broader labor market disruption as AI adoption accelerates, accoridng to a report by RT.
The report also used data provided by ADP, the largest payroll software provider in the U.S., which tracks millions of workers across tens of thousands of firms.
The impact of AI is especially problematic for workers aged 22 to 25. Employment among those ages has declined by 6% since late 2022. Entry-level software developers have been hit hardest, facing a 20% drop in job postings for their age group.
Soaring Electricity Bills: Biggest US Power Grid Sets Power Costs At Record High To Feed Artificial Intelligence
Google Now Permits Artificial Intelligence Use To Create Weapons And Mass Surveillance Tools
Senior employees appear to be less affected by the AI push. In fact, in the four most vulnerable industries, employment among older workers has increased 6–9% since 2022. At the same time, in sectors less exposed to AI-driven automation, such as logistics, maintenance, and other hands-on fields, the number of entry-level positions for young workers has grown 6–13%, according to RT.
How long before we all experience the problems created by a reliance on artificial intelligence? Should we all embrace it and “get used to it?” What do you think about AI and its increasingly prominent place in our society?
Read the full article here
