A recent survey captured the job-loss anxiety. Thirty-seven percent of workers aged 18 to 24 say new technology will eliminate their job by 2025. This fear climbs to 45 percent for workers of all ages in advertising and marketing. It’s 42 percent in business support and logistics.
Studies of job loss from automation have come to more dramatic conclusions. An Oxford study predicted that “about 47 percent of total US employment is at risk.” The McKinsey Global Institute found 51 percent of work in the U.S. can be automated, accounting for $2.7 trillion in wages.
AI and data concerns
These fears are valid. AI will threaten jobs and alter career paths. It is like the multitude of other digital innovations that have emerged in the forty years since the arrival of personal computers. Professions like legal work and accounting have largely been sheltered from disruption in the past. But now an AI-driven “virtual lawyer” application runs on Amazon’s Alexa and is seen as “a real threat” to junior attorneys.