Part 5/11:
Martin elaborates that AI's capacity to supersede human cognitive skills could lead to widespread unemployment unless society adapts swiftly. He doubts the emergence of entirely new sectors that could absorb displaced workers, as AI will likely permeate all existing industries, leaving limited space for entirely fresh economic activities.
Harbingers of Disruption: Wages, Jobs, and Inequality
An increasingly pressing concern is how AI will influence wages and job quality. Betsy discusses the possibility that AI will not only automate tasks but also put downward pressure on wages, especially for white-collar workers who may become competing with machines for tasks previously performed by humans. This could exacerbate income inequality unless policies are enacted.