Wake up People: AI is eating at all of your jobs.
Genevieve (Scout CMO) addressing the room packed with investors and bankers. With Heath Terry of Goldman Sachs on the left and the CEO of Databricks in the center.
Heath: There has been healthy debate around the effect AI may have on the labor market; namely the elimination/creation of job roles. Where do you stand in this debate?
McKinsey concludes that for people earning over $200K, 31% of their time is spent collecting and processing data, and that is ripe for automation.
Globally, 20% of people that have a job drive for a living. And we can see the inevitability of that also dropping below 2% with autonomous vehicles.
…and some prep notes:
But we have seen this story before. 200 years ago, 90% of Americans worked in farming. Today, it is 2%, and we feed more than just America. Technological progress created many new jobs that did not exist in 1900.
While reasonable people may disagree on the relative magnitude of jobs lost and jobs created, it seems pretty certain that the rate of change is going up. The pace of dislocation will grow. So, finding a better match is where we can help. Many people stick with one career that is suboptimal to their skills and happiness. With a wave of labor market disruption comes opportunity. And as our AI improves and learns over millions of matches, we will be able to do a better job helping people with a career transition. https://usescout.com
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