Millions to Lose Job to AI in Three Years

By Karsten Riise
Global Research, July 27, 2023
Region:
Theme:

All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name.

To receive Global Research’s Daily Newsletter (selected articles), click here.

Click the share button above to email/forward this article to your friends and colleagues. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

***

The first whole job-category with 100s of thousands of employees will already lose their job to AI in 3 years:

“In three years I don’t think there’s going to be any human taking an order in any drive-through in the U.S.” 

See this.

I just checked how many jobs we talk of. My AI tells me that IBIS World has reported 201,865 fast food restaurants in the USA. And 70% of their sales are from drive-through – and a chain like Wendy’s even reports 90% of their sales are from drive-through. See this.

We probably talk about 300,000 – 400,000 jobs being taken by AI – in US fast-food ordering alone.

Fortunately, in this case there is a lack of labor to fill in these positions, so the social effect will be relatively moderate here.

But the ordering of drive-through fast food is just a tiny corner of the US economy.

The broader effect will be millions and millions of US jobs – gone over the next only 3 years.

Jobs removed through automation are always replaced by new jobs – but that is over time.

Honestly, as an economist, I find it hard to believe that the US economy will be able to replace these millions and millions of jobs lost to AI as fast as these jobs will be wiped out.

What does that mean for the US competitive position in the World?

It will mean an enormous boost in US economic, tech, and military power – combined with an increase in the kind of US social fragility which resulted in Jan. 6.

*

Note to readers: Please click the share button above. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

Karsten Riise is a Master of Science (Econ) from Copenhagen Business School and has a university degree in Spanish Culture and Languages from Copenhagen University. He is the former Senior Vice President Chief Financial Officer (CFO) of Mercedes-Benz in Denmark and Sweden.

He is a regular contributor to Global Research.

Featured image is from The Unz Review

The original source of this article is Global Research
Copyright © Karsten Riise, Global Research, 2023

Comment on Global Research Articles on our Facebook page

Become a Member of Global Research

Articles by: Karsten Riise

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]