From improving efficiency (meaning fewer workers to accomplish the same quantity of work output), or eliminating jobs all together, AI-based technology will have large impacts on labor.
- Report: By 2030, 30% of hours worked could be automated (newsnationnow.com)
- Jobs in food service and office support may be threatened by AI (newsnationnow.com)
This is how, in part, the population demographics/low fertility rate/labor shortage is going to be handled.
This was also a predictable outcome of labor demands for sharply higher minimum wage – while automation would likely happen eventually, higher minimum wages and other government mandates (such as benefits, prohibition on contract workers and new requirements on fast food restaurants in California) have accelerated the trend. Automation will come to many fields at a rapid pace.
