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WSJ: CEOs Start Saying the Quiet Part Out Loud: AI Will Wipe Out Jobs
https://www.wsj.com/tech/ai/ai-white-collar-job-loss-b9856259
>CEOs are no longer dodging the question of whether AI takes jobs. Now they are giving predictions of how deep those cuts could go.
>“Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.,” Ford Motor MMFMM Chief Executive Jim Farley said in an interview last week with author Walter Isaacson at the Aspen Ideas Festival. “AI will leave a lot of white-collar people behind.”
>At JPMorgan Chase, MMJPMMM Marianne Lake, CEO of the bank’s massive consumer and community business, told investors in May that she could see its operations head count falling by 10% in the coming years as the company uses new AI tools.
>The comments echo recent job warnings from executives at Amazon, MMAMZNMM Anthropic and other companies.
>Amazon CEO Andy Jassy wrote in a note to employees in June that he expected the company’s overall corporate workforce to be smaller in the coming years because of the “once-in-a-lifetime” AI technology.
>“We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy said.
>Anthropic CEO Dario Amodei said in May that half of all entry-level jobs could disappear in one to five years, resulting in U.S. unemployment of 10% to 20%, according to an interview with Axios. He urged company executives and government officials to stop “sugarcoating” the situation.
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