Part 6/13:
- Jobs, Jobs, Jobs: Many traditional white-collar and administrative roles could virtually vanish by 2030, with estimates suggesting 90% of such jobs might be eliminated. The economy’s core structure risks destabilization because the old economic assumptions no longer hold.
The Paradox: Growth, Unemployment, and Inflation in the AGI Era
In conventional economics, increased productivity correlates with:
Lower unemployment: as growth creates more jobs.
Rising inflation: as more money chases more goods.
But with AI-driven productivity:
- High growth might coincide with high unemployment—machines replace workers faster than new demand can absorb displaced labor.