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Opinion: Will the AI revolution lead to job losses?

The start of the roaring 1920’s was an age of prosperity in the United States. For the first time ever more people lived in cities than in rural communities. Radios connected people across the country until the television made its debut seven years into the decade. Power steering was invented in 1926 and now a century later cars drive themselves. What a difference 100 years makes.

 

Common job titles in the 1920s – like stenographers, draymen, raftsmen, launderers – are perhaps a foreign language to those entering the workforce today. In contrast, LinkedIn’s 20 trending job titles for 2023 include virtual reality architect, data protection consultant, drone operator, digital health coach, cybersecurity analyst, AI ethicist, and chief happiness officer. All of which were likely to have been a foreign language to workers 100 years ago, especially the last one.1

 

We can only wonder what the world will look like 3-4 generations from now and what kind of jobs will exist. 100 years from now, will robotic surgery look as primitive as the introduction of the electric stove?

 

You can read the full article by Senior Portfolio Manager, Director of ESG Strategies Andy Drennen in the Springfield Business Journal. Shared with permission from the Springfield Business Journal. 

 

Click here for more information about Simmons Bank Private Wealth Management Services.

 

The views and opinions expressed in this article are those of Andy Drennen and are not endorsed by, and do not necessarily reflect the views of, Simmons Bank. Simmons Bank does not provide tax, accounting, or legal advice.