AI job displacement

Extracted Attributes

• Current Displacement

  Hundreds of thousands of workers already displaced by AI

• Economic Concept Applied

  Lump of labor fallacy

• Historical Parallel Used in Debate

  Henry Ford

• Key Argument Against Widespread Fear

  AI and robotics will create more jobs than they eliminate

• Occupations at Least Risk (Goldman Sachs)

  Air traffic controllers, chief executives, radiologists, pharmacists, residential advisors, photographers, members of the clergy

• Occupations at Highest Risk (Goldman Sachs)

  Computer programmers, accountants and auditors, legal and administrative assistants, customer service representatives, telemarketers, proofreaders and copy editors, credit analysts

• Goldman Sachs Job Displacement Estimate (Range)

  3-14% of occupations

• Goldman Sachs Job Displacement Estimate (Baseline)

  6-7% of occupations

• Net Job Gain Forecast (World Economic Forum, by 2025)

  58 million jobs globally

• Worker Fear of Job Obsolescence (SurveyMonkey / CNBC)

  24% of workers

• Forecasted Job Creation (World Economic Forum, by 2025)

  133 million new jobs globally

• Forecasted Job Displacement (World Economic Forum, by 2025)

  75 million jobs globally

• Estimated Time to Automate Half of Worldwide Work Tasks (McKinsey)

  At least 20 years

• Worker Expectation of Significant Job Change (SurveyMonkey / CNBC, next 5 years)

  43% of workers

Timeline

• World Economic Forum forecasts AI to displace 75 million jobs globally while creating 133 million new jobs, resulting in a net gain of 58 million jobs. (Source: web_search_results)

  2025

• The 2025 Future of Jobs report forecasts that 92 million roles could be displaced by AI, but also projects a net gain of 78 million new jobs. (Source: web_search_results)

  2030

• Goldman Sachs researchers remain skeptical that AI will lead to large employment reductions over the next decade. (Source: web_search_results)

  2020s

• AI has already displaced hundreds of thousands of workers across various industries. (Source: web_search_results)

  Ongoing

• 43% of workers expect AI to cause their job to significantly change. (Source: web_search_results)

  Future (next 5 years)

• McKinsey estimates it will take at least 20 years to automate just half of current worldwide work tasks. (Source: web_search_results)

  Future (at least 20 years)

Cognition AI

Cognition AI, Inc. (also known as Cognition Labs), doing business as Cognition, is an artificial intelligence (AI) company headquartered in San Francisco in the U.S. state of California. The company developed Devin AI, an AI software developer. The company is known for hiring competitive programmers such as Gennady Korotkevich and Andrew He.

Web Search Results

• The Impact of AI on Job Roles, Workforce, and Employment

  According to a report by the World Economic Forum, by 2025, AI will have displaced 75 million jobs globally, but will have created 133 million new jobs. This means that there will be a net gain of 58 million jobs globally, but there will still be significant job displacement in certain industries. [...] is changing the job market, creating new types of jobs while automating routine tasks. With 20-50 million new jobs expected by 2030, AI is creating and enhancing jobs in healthcare, pharmaceuticals and other industries. While some industries may experience significant job displacement, the economy is expected to benefit from increased productivity and output. As AI continues to evolve, understanding its impact on employment and the economy is crucial. [...] AI’s impact on the workforce is multifaceted. It involves the automation of repetitive and routine tasks, changing skill requirements, and job displacement. This can be beneficial for employees as it frees them up to focus on more complex and creative work, but it can also create concerns about job displacement and changes in the demand for certain types of jobs. However, AI is also creating new job opportunities, especially in data analytics, machine learning, and AI development.

• How Will AI Affect the Global Workforce? - Goldman Sachs

  As part of their research, the team examined more than 800 occupations to assess whether AI productivity gains will translate into job displacement. The 6-7% estimate for job displacement from AI is the team’s baseline assumption, but they write that displacement rates could vary from 3% to 14% under different assumptions. What could AI mean for unemployment? [...] They conclude that occupations at the highest risk of being displaced by AI in the coming years include computer programmers, accountants and auditors, legal and administrative assistants, customer service representatives, telemarketers, proofreaders and copy editors, and credit analysts. Those at the least risk of being displaced are air traffic controllers, chief executives, radiologists, pharmacists, residential advisors, photographers, and members of the clergy. [...] “A recent pickup in AI adoption and reports of AI-related layoffs have raised concerns that AI will lead to widespread labor displacement,” Joseph Briggs, who co-leads the Global Economics team in Goldman Sachs Research, and economist Sarah Dong, write in a report. “While these trends could broaden as adoption increases, we remain skeptical that AI will lead to large employment reductions over the next decade.”

• The Impact of AI on the Job Market and Employment Opportunities

  On one hand, AI and automation have replaced certain roles, particularly those involving repetitive or routine tasks. This shift has led to job displacement in various industries, redefining traditional employment structures. On the other hand, AI is also a powerful driver of job creation. It has paved the way for new roles — like AI ethicist and machine learning engineer — that didn’t exist just a few years ago. [...] AI has a significant impact on the job market, leading to both job displacement and the creation of new roles. It also affects hiring processes and demands new skills from professionals to stay relevant. AI education, such as the Master’s in Applied Artificial Intelligence program at the University of San Diego, prepares individuals to navigate these changes with ease. [...] AI continues to have a significant impact on jobs across various industries. While it can automate routine and repetitive tasks, leading to job displacement in certain sectors, it also creates new opportunities by enhancing productivity and enabling the development of entirely new roles. #### How will artificial intelligence affect the workplace?

• New data show no AI jobs apocalypse—for now - Brookings Institution

  These patterns might surprise those expecting rapid labor displacement due to AI. While the results contradict the most alarming headlines, they are strikingly consistent with past precedent. Even transformative technologies such as the computer and the internet took decades, not mere months, for their impacts to fully materialize in the workplace. That’s because technology adoption requires complementary investments, cultural shifts, and regulation. [...] Similarly, we looked at whether AI-displaced workers were visible in unemployment statistics. Again, we found no pattern of increasing AI exposure among the unemployed.

• 60+ Stats On AI Replacing Jobs (2025) - Exploding Topics

  AI has already displaced hundreds of thousands of workers. Additionally, people who were replaced by a robot gave a far higher estimate of the proportion of workers who have experienced the same when compared to workers who had not lost their job to a robot. Those who had been replaced estimated that 46.9% of US workers had experienced the same, while people who hadn’t been replaced estimated that 29% of workers had been replaced. Both groups still wildly overestimated the true number of [...] The 2025 Future of Jobs report found that 92 million roles could be displaced by 2030, although it forecast a net gain of 78 million new jobs. #### 47% of US workers are at risk of losing their jobs to automation over the coming decade (CEPR) In this case, automation also includes non-AI tools like robots. #### It will take at least 20 years to automate just half of current worldwide work tasks (McKinsey) [...] #### 24% of workers fear that AI will make their job obsolete (SurveyMonkey / CNBC) Those who are most concerned are younger workers, workers of color, and workers earning lower wages. The fact that lower-wage workers are more worried is interesting, considering the fact that other research shows that those earning higher wages are statistically more likely to be displaced. #### 43% of workers expect AI to cause their job to significantly change in the next five years (Survey Monkey)