Put your feet up, the AI will take care of things: artificial intelligence is getting smarter all the time. This means that they will soon be able to relieve people of numerous everyday work tasks or to make their work easier.
Is that a curse or a blessing? A Nobel laureate believes the latter.
hope instead of fear
At a conference in Scotland, Nobel laureate in labor economics Christopher Pissarides argued that instead of the mass layoffs some feared, the AI revolution could result in a shorter work week.
I am very optimistic that we can increase productivity. We could increase our general well-being at work and take more (time for) free time. We could easily move to a four-day week. You could get rid of a lot of the boring stuff we do at work… and then just let people do the interesting stuff.
The solution: Repetitive work could fall to AI in the long run.
An uncertain change
What Pissarides says sounds understandable in theory. Nevertheless, many open questions remain in practice. Would we also make less money in a shorter work week? How many tasks could an AI take on and wouldn’t companies lay off even more staff as a result?
As reported by Digitaltrendsa study by Goldman Sachs shows that around 300 million jobs worldwide are influenced by AI.
An important detail: The authors of the study conclude that these jobs would not be made obsolete, but would be supported by AI in repetitive work. In addition, new jobs would be created in the technology sector, which in turn would lead to increased productivity. That’s the study.
It is clear that the world of work will change over the coming decades. To what extent remains pure speculation at the moment.
Nobel laureate Christopher Pissarides sees an opportunity for humans if more jobs are left to AI. A simple 4-day work week would be conceivable. How do you feel about AI in day-to-day work? Do you see them as a danger or do you stand behind the economist and promise yourself more free time. Feel free to put it in the comments how you see it.