Why white-collar jobs are more likely to see AI displacement

02/06/2024 21:19
Why white-collar jobs are more likely to see AI displacement

Burning Glass Institute Chief Economist Gad Levanon joins Yahoo Finance Live to discuss concerns over job displacement from advancing artificial intelligence. Levanon says generative AI's ability to absorb knowledge and generate content is "more likely to impact white-collar jobs" rather than manual or service roles requiring human skills. He notes that within "a matter of time," simple coding and other routine digital tasks could lose value as large-language models replicate them. This may gradually result in "overstaffing" and necessitate "a reduction in workforce" in some white-collar areas. However, Levanon emphasizes generative AI cannot replace jobs requiring building personal relationships and emotional intelligence. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

Burning Glass Institute Chief Economist Gad Levanon joins Yahoo Finance Live to discuss concerns over job displacement from advancing artificial intelligence.

Levanon says generative AI's ability to absorb knowledge and generate content is "more likely to impact white-collar jobs" rather than manual or service roles requiring human skills.

He notes that within "a matter of time," simple coding and other routine digital tasks could lose value as large-language models replicate them. This may gradually result in "overstaffing" and necessitate "a reduction in workforce" in some white-collar areas.

However, Levanon emphasizes generative AI cannot replace jobs requiring building personal relationships and emotional intelligence.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Angel Smith

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