Part 6/11:
Some Silicon Valley proponents suggest that new companies, even with only a handful of employees earning billion-dollar revenues, will generate vast employment. But this is misleading. These companies often operate with minimal staff, and the elite benefits directly while the majority of the population faces joblessness.
The Vanishing of White-Collar Jobs: The Real Disruption
While popular media focus on robots taking blue-collar jobs, white-collar and administrative roles are under even greater threat. Roles in healthcare, law, finance, management, and customer service are already being replaced or diminished. Early AI adoption indicates that these high-value jobs are the first to go—a process that is already underway and accelerating.