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AI could displace millions by 2030
A report by "Anthropic" predicts that by 2030, the AI revolution will cause the U.S. economy to grow by 41.4%, but this will be accompanied by an increase in the unemployment rate to 9.6%. The loss of jobs is expected to be concentrated mainly in cognitive roles such as programming and customer service, where wages could drop by more than 10%, as workers transition into field professions like nursing and electrical work. It is also anticipated that the distribution of wealth will change, with workers' share shrinking to 52.7 cents out of every dollar of output, while wealth becomes increasingly concentrated in the hands of corporations and algorithm owners. This reflects a radical shift in wealth distribution in favor of the powerful and threatens to further reduce human employment in the economy.
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