Part 8/12:
Analyses estimate that if 135 companies worldwide adopt Paradox AI for hiring, the annual savings could reach $365 million. This figure is based on simplified calculations: saving $27 million per company in labor costs annually.
While this affirms the financial efficiency of AI, it also highlights a troubling redistribution of wealth. Billions that once paid wages are now directed toward shareholders and tech companies — with automation reducing employment opportunities, especially for low- and mid-skill workers.
The Ethical and Societal Questions
The widespread deployment of AI-driven hiring raises critical moral questions:
- Data privacy: Exposing millions of applicants’ personal data to breaches, either accidental or malicious