The displacement of jobs on a massive scale does not require AI. Workflow automation suffices and I believe it is happening on a grand scale in what we think of as white collar jobs, such as bank middle office or insurance claims processing. I hear it everywhere. The issue with big shits like that is the speed at which they happen, such as the closure of the mines, leading to stubborn long-term unemployment.
The displacement of jobs on a massive scale does not require AI. Workflow automation suffices and I believe it is happening on a grand scale in what we think of as white collar jobs, such as bank middle office or insurance claims processing. I hear it everywhere. The issue with big shits like that is the speed at which they happen, such as the closure of the mines, leading to stubborn long-term unemployment.