Advancements in AI technology are raising concerns about its impact on the workforce, with predictions that by 2026, a significant number of jobs could be automated. A study from MIT suggests that 11.7% of jobs are already susceptible to automation, and companies are beginning to cite AI as a reason for layoffs and reduced hiring. Venture capitalists anticipate that enterprise budgets will increasingly shift from labor to AI, potentially leading to more job displacement. While some argue that AI will enhance productivity and shift workers to more skilled roles, others worry that it will primarily serve as a justification for workforce reductions. Understanding the potential impact of AI on labor is crucial as it may significantly reshape the job market and employment landscape.
