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Will AI/ML/robotics lower demand for labor creating one of the greatest shifts in human history where even in a shrinking labor market can increase quality of life and wealth all without additional labor? If true, this will be one of the most dramatic changes in human history where technology allows even greater growth in a shrinking labor market?
Most certainly. It will also change the jobs it does not eliminate and hopefully create more jobs over time. The initial job loss shock will be significant however. I am already seeing customer support jobs taken over by AI. Marketing jobs are next. Most entry levels jobs can be AI automated. Coding jobs for sure. In the semiconductor industry 30% of the design cycle is already being "enhanced" by AI. That should be 50% once agentic AI hits production. Verification and debug will be hit hard by AI but I am also seeing AI layout tools and other physical implementation going AI. The more AI the less bugs/errors you will have.
Robotics and manufacturing are ready to collide resulting in reduced employment. Fabs are already automated but I am sure there is more to be done. Other manufacturing that is more antiquated will be targeted. QA is also a target. Less humans means less QA cycles.
I predicted AI will hit most job markets by 2030. It looks like it will be sooner. The people who are ranting about the employment gap, not having enough workers, will be shocked by double digit unemployment due to AI by 2030. Just my opinion of course.
