ARTICLE
9 October 2019

AI – Leading To Millions Of Job Losses?

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Foley & Lardner

Contributor

Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
Since the advent of computers there have always been fear of job losses, but new jobs have been created, - will that be case with AI? Forbes reported
United States Technology

Since the advent of computers there have always been fear of job losses, but new jobs have been created, - will that be case with AI? Forbes reported that “While many reports tout the benefits of AI, there are many risks and unintended consequences, including the likelihood of replacing millions of human workers and unethical uses of the technology.”The September 30, 2019 report entitled “Unbridled Adoption Of Artificial Intelligence May Result In Millions Of Job Losses And Require Massive Retraining For Those Impacted” included references to a PWC report “Will robots really steal our jobs?” with these observations:

While the study claims that employees can learn new skills, its logic is suspect to the realities.

In an effort to save billions of dollars in labor costs, Amazon warehouses have thousands of little, cute, orange robots made by Kiva, a robotics company acquired by Amazon for $775 million.

The Kiva robots needs only 15 minutes to find, pick and package an order, whereas a human needs about 60-75 minutes to accomplish the same tasks.

….workers at Amazon fulfillment centers and they claim that the pace and toll it takes on the human body is too much too handle.

Humans simply can’t compete against robots due to our inherent limitations.

What do you think?

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