Liz Peek: The AI ​​Revolution Threatens To Push America Into A Scientist Amidst Job Fears

What if Sen. Bernie Sanders is right and Federal Reserve Chailos Jerome Powell is wrong?

What if the AI ​​revolution creates alienation for many Americans, as the Shermont Senator warned in a recent Fox op-ed? And what if Powell is wrong that the soft labor market is worth moving the news – Low migration and low participation rate – rather than “produced by AI”?

What will be the reaction of policy makers? What should it be?

Sen Sanders: AI must benefit everyone, not just a few billionaires

You will soon become a political battlefield. Democratic Socialist Sanders, who once came up with Class Warrior, has already questioned whether AI is AMERICALS or only a few “Billionaires.” As trade deals send millions of jobs overseas, Sanders worries that massive investments flowing into AI could lead to as many as 100 million Americans losing their jobs over the next decade. You can do well; Consider the penalty.

Young people are already losing faith in capitalism and social cohesion. Two-thirds of Democrats now view capitalism as more dangerous than capitalism. Nothing could reverse our capitalist system faster than widespread job losses from the technocratic electorate of the investor class.

This is a critical issue of our day – One of the most attention-grabbing, even from Powell who described himself as “more looked at, looking more backward than forward. In a recent conference, Powell answered one question about work by saying, “The supply of workers is falling a lot, but that is also very little food for new workers, because there is a flow of the labor pool where people need jobs.” Sorry, what?

The economy is growing, but hiring is falling. Although the government shutdown has prevented regular monthly labor force reports, most data suggest the labor market is easing. Companies are increasingly portraying AI investments as a low-cost affair.

Trump’s AI plan is a bulwark against the rising threat from China

Corporate America is spending tens of billions of dollars on AI, with retail shareholders benefiting greatly from productivity. But where will that productivity come from, other than reducing headaches? Certainly, people armed with artificial intelligence can deliver data and analyze quickly, making their organizations more productive. But eventually, so will other recruiters. The impact on America’s labor market will be huge – and largely overlooked.

Amazon recently announced that it is laying off 14,000 workers. The firm’s top human resources officer posted a note titled “Staying nimble and continuing to strengthen our organizations.” He wrote that “the world is changing fast. This generation of AI is the most transformative technology we’ve seen since the Internet, and it’s enabling companies to move faster than ever before.”

What types of workers are at risk? Factory workers and truck drivers, sure, are already being replaced by robots and AI – but also white-collar workers. Fortune notes that the Amazon layoffs “show that it’s coming to middle management first.” The world’s largest retailer employs approximately 1.5 million people; 14,000 is a drop in the bucket. But the trend is troubling – and for those 14,000 people, it’s devastating.

Amazon is not alone. Ups recently announced that it will cut 48,000 jobs this year – 14,000 management positions and 34,000 in operations. UPS started the year with about 500,000 employees. Target also made headlines recently, saying it would cut 8% of its associate workforce — its biggest layoff in a decade.

Jobs at risk for AI, according to Microsoft

Defectances Dellancement Clellancement, Gray & Christmas CITS Market and Economic conditions as the main reason for several financial planning to date but also point to AI. That makes sense. After all, the economy is growing boldly – second quarter real GDP growth was 3.8%, and it looks like we will see a strong increase in the third quarter.

There has never been a faster adoption of new technology. Of course, an estimated third of Americans use AI; Chatgpt receives 5.4 billion visits per month. Global AI revenue is expected to be $391 billion this year and could reach $3.5 trillion by 2033. These estimates can be optimistic, but the top technology firms will invest about $400 They clearly believe the speculation.

Bernie wanders aside, no one should want to stop the AI ​​revolution. Artificial intelligence promises extraordinary advances in medicine and other sciences — and it could greatly improve education for America’s children.

And it is American companies that stand to benefit from this explosion in AI spending, reaping the benefits and influence that come with the global dominance of the new technology. Increased production will increase employment in certain industries and stimulate real wages. It will also acknowledge that the 20-plus million boomers are still working.

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But there may be a correction period when layoffs outpace job creation. Unemployment could rise, fueling new anger that is fueling hard-working Americans and resentment at the companies behind the disruption.

Its operators and financial leaders need to be prepared for this possibility – someone who can increase the growing passion of social voters and the rejection of capitalism. That would be a disaster for a country that has surpassed all other nations in the world, generating unprecedented opportunity and wealth.

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Besides, it will be banders barnie and his leftist colleagues who accept the answer. Sanders proposed working 32 hours without lost wages, giving workers more power and imposing a “robot tax” on big tech companies. Such measures would reduce American competitiveness and growth, as they have in Europe.

We will not allow that to happen.

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