The Poverty Pandemic: When Machines Invade the Workplace

When OpenAI released (may be unleashed?) ChatGPT late last year, the biggest concern was the potential loss of jobs. There have been several predictions about the number of jobs that could be lost to artificial intelligence (AI). One source claimed it could be as massive as 1 billion jobs globally over the next decade. IBM CEO Arvind Krishna, when asked about the potential impact of AI on jobs at his corporation, he said that hiring in back-office functions will be suspended or slowed down. He added that he could “easily see 30% of that getting replaced by AI and automation over a five-year period.”

AI’s capacity to automate tasks and replace human labor has certainly resulted in job losses across various industries. A recent report on job cuts suggests that the predictions of AI-related job losses are becoming a reality. Nearly 4,000 tech jobs were displaced by AI last month. With AI systems becoming more advanced and efficient, many traditional jobs that were once considered secure are now at risk. This disruptive shift in the job market can leave countless individuals unemployed and struggling to make ends meet.

As AI continues to revolutionize industries and reshape the job market, it’s essential to look beyond the potential for job losses and consider the possibility of a poverty pandemic as individuals and…