Part 8/11:
Generative AI is predicted to handle 40-70% of routine office tasks, streamlining workflows and reducing the need for human intervention in basic functions. This shift is leading to a decline in entry-level employment, with some companies replacing interns and low-skilled roles with AI systems.
The Changing Labor Market and Socioeconomic Impacts
Recent data highlights rising unemployment among college graduates, driven by AI automation in data entry, customer service, and other basic functions. Companies increasingly opt for AI solutions, displacing human jobs and forcing workers to adapt to a rapidly evolving job landscape.