Key Points
Technological unemployment has always been perceived to be a threat for jobs, but the difference this time around is that while blue-collar workers bore the brunt of the impact in previous waves of technological advancements, white-collar workers look set to be more heavily displaced this time around..
A paper by OpenAI, the creator of GPT-4, added fuel to the fire by saying it found that 80% of the workforce could see at least 10% of their tasks performed by generative AI, based on analysis by human researchers and the companys machine large language model..
Faster, cheaper computers and increasingly clever software are giving machines capabilities that were once thought to be distinctively humanlike understanding speech, translating from one language to another and recognising patterns..
But by taking on tasks that are not mentally demanding yet highly time consuming, it could free up time in an employees day to do everything that AI cant dothings that require high-level human insight, empathy, and critical thinking...
The bottom line is that productivity will undoubtedly receive a boostas bots are increasingly able to perform repetitive and time-consuming tasks with human-level speed and accuracy..
