by Susan Duclos, All News Pipeline:
It is interesting to see the pro-AI (Artificial Intelligence) crowd at the World Economic Forum (WEF) claim that AI will eventually create more jobs that they replace, with absurd calculations that from 2025 to 2030, there will be a “net growth of 7% of total employment, or 78 million jobs.”
Extrapolating from the predictions shared by Future of Jobs Survey respondents, on current trends over the 2025 to 2030 period job creation and destruction due to structural labour-market transformation will amount to 22% of today’s total jobs. This is expected to entail the creation of new jobs equivalent to 14% of today’s total employment, amounting to 170 million jobs. However, this growth is expected to be offset by the displacement of the equivalent of 8% (or 92 million) of current jobs, resulting in net growth of 7% of total employment, or 78 million jobs.
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This BS claim comes from the WEF’s The Future of Jobs Report 2025.
The problem is people are reporting on it like the WEF is some type of accurate source, when in reality, the group is led by a bunch of millionaires and billionaires, who get together annually to discuss how to influence the lives of the global populace, to control or get rid of the “useless eaters,” of the world.
They can extrapolate all they want, but the warning signs have been blaring red for decades over AI causing the extinction of the human workforce, with the latest report linked at Steve Quayle’s website, with the headline reading “Meta to fire thousands amid AI move.”
The measures represent Meta’s largest layoffs since it trimmed 21,000 jobs, nearly a quarter of its workforce, in 2022 and 2023. The company has more than 72,000 employees, according to its most recent quarterly report.
Last week, Zuckerberg announced that Meta plans to replace mid-level engineers with Artificial Intelligence (AI) this year, suggesting that the technology could soon handle much of the coding currently performed by human engineers.
In 2023 BBC offered the most dire of warnings, headlining with “AI could replace equivalent of 300 million jobs – report.”
Some key points from that piece.
• The report notes AI’s impact will vary across different sectors – 46% of tasks in administrative and 44% in legal professions could be automated but only 6% in construction 4% in maintenance, it says.
It isn’t only jobs by human beings being replaced with AI, but the technology also lowers the wages of those humans that are not being displaced.
• “Consider the introduction of GPS technology and platforms like Uber. Suddenly, knowing all the streets in London had much less value – and so incumbent drivers experienced large wage cuts in response, of around 10% according to our research.” The result was lower wages, not fewer drivers.”
• And if generative AI is like previous information-technology advances, the report concludes, it could reduce employment in the near term.
The key quote, which counters the WEF’s unjustified claims is as follows:
The long-term impact of AI, however, was highly uncertain, chief executive of the Resolution Foundation think tank Torsten Bell told BBC News, “so all firm predictions should be taken with a very large pinch of salt”.
Emphasis mine.
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