60% of Today's Jobs in the U.S. Did Not Exist in 1940

These are the findings of the report recently published by Bank of America. The analysts argue that apocalyptic predictions about AI "sit uneasily with both economic theory and the evidence so far."

The labor market is constantly transforming, economists note. For example, agriculture, which employed about 40% of Americans at the beginning of the 20th century, now accounts for only 1% of jobs. E-commerce hasn't killed retail either: in the U.S., about 16 million people still work in this sector—roughly the same as in the 1990s.

"Adaptability is the new job security," the report states.

According to the bank's estimates, the implementation of AI will affect one in four jobs worldwide—a total of about 840 million positions, and in high-income countries—up to one-third. But this doesn't mean people will lose their jobs: only 2.3% of professions could become fully automated.

Will your profession still exist in 50 years?

❤️ — Yes, definitely
🔥 — Probably not...

@hiaimediaen