No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 31, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

AI Won’t Kill Work – It Will Reinvent It

by TheAdviserMagazine
1 month ago
in Economy
Reading Time: 4 mins read
A A
AI Won’t Kill Work – It Will Reinvent It
Share on FacebookShare on TwitterShare on LInkedIn


It’s easy to doomscroll these days. AI, it appears, is coming for our jobs. Even occupations that were previously considered an easy path to a middle-class lifestyle, like lawyer and radiologist, may be subject to the AI chopping block. Yet these stories, despite their flashy headlines, are missing nuance. They examine the seen (and likely) consequences of the AI revolution, but are missing the unseen “what comes next” part of the story. Every historical episode of creative destruction involves both creativity and destruction. Yet current news stories are focusing only on the destruction.  We might not know how AI will revolutionize the American workforce, but past episodes of similar technological upheaval suggest that the future will be brighter than we can imagine. 

Recent headlines are, indeed, scary. Consider the following: 

May 12, 2025: “For Silicon Valley, AI isn’t just about replacing some jobs. It’s about replacing all of them” – The Guardian
June 18, 2025: “AI Will Replace Amazon Jobs. CEO Andy Jassy Confirms Workers’ Worst Fears.” – Barrons
July 3, 2025: “Ford’s CEO is the latest exec to warn that AI will wipe out half of white-collar jobs” – Business Insider 
July 19, 2025: “AI will take your job in the next 18 months. Here’s your survival guide.” – Market Watch  

These headlines aren’t from some alarmist blogger, sheltering in a tin-hat corner of the internet. These are from reputable news sources with large readerships. And they’re causing an artificial panic.

Consider the Amazon headline. Amazon has been an industry leader in automation, yet employment at the company has continued to grow unabated. Currently, Amazon employs more than 1.5 million people. That’s up from 17,000 in 2007, and nearly double its 2019 employment figure. This employment growth has happened despite the fact that the company currently has more than a million robots in its workplaces. The jobs those robots have replaced are primarily those involving menial work or repetitive tasks, freeing up labor for more valuable pursuits. While CEO Andy Jassy recently announced that AI will likely lead to future job cuts at the company, similar claims were made in 2012 when Amazon acquired robotics company Kiva Systems. Employment grew unabated after this acquisition. 

These headlines also sound suspiciously like those circulating during a previous public conversation in which technology threatened to take all the jobs away. In the mid-1990s, the internet began to move from the plaything of tech hobbyists to a central part of work and education. Jobs that had previously been done by human processors were increasingly outsourced to data processors.  

In 1995, Jeremy Rifkin published his book The End of Work, which argued that the dawn of the information technology age would create a massive and structural decline in jobs. He suggested that as many as two-thirds of all existing jobs could eventually be eliminated by machines. Jobs in manufacturing, agriculture, and clerical work were particularly vulnerable to this type of technology-based outsourcing. 

To be fair, machines did take over many of those jobs. But we didn’t have massive, enduring, structural unemployment as a result. Instead, new jobs emerged. 

Because I’m writing a piece on how AI won’t replace all our jobs, I asked ChatGPT to help me figure out how to identify some jobs that didn’t exist in 1990 and now have a significant number of employees. It very helpfully pointed me to the Bureau of Labor Statistics’ Occupational Employment and Wage Statistics. Here are a handful of new job categories and their current employment figures from that database:

Software and Web Developers, Programmers, and Testers: 2,154,370 employees
Database and Network Administrators and Architects: 633,540 employees
Computer and Information Analysts: 677,230 employees

Indeed, the full set of “Computer and Mathematical Occupations” has exploded since internet adoption began accelerating in the late 1990s. The entire category of “Computer Occupations” currently has an employment figure of 4,786,660. 

These broad categories include a range of fulfilling jobs and occupations, including app developer, social media manager, cloud architect, cybersecurity analyst, and influencer. In past eras, many of the individuals pursuing these opportunities would have been good candidates for once-stable jobs in law, accounting, or manufacturing. 

In 1897, Mark Twain heard a rumor that he’d died. He sent a letter to the New York Journal to clear up the matter, stating that “the report of my death was an exaggeration.” Not only are the reports of AI’s employment “death toll” an exaggeration, but they’re missing information about the critical second act of the play. After the destruction comes the creativity, and the story of the internet can give us clues about the future of work in this technological episode as well. 

 

As an Amazon Associate, Econlib earns from qualifying purchases.



Source link

Tags: KillreinventWontwork
ShareTweetShare
Previous Post

How ONESOURCE tax compliance boosts Workday ROI

Next Post

Intuit (INTU) reaffirms first-quarter and fiscal 2026 financial guidance

Related Posts

edit post
Recipes with Rothbard: What Chocolate Cake Can Teach About Economics

Recipes with Rothbard: What Chocolate Cake Can Teach About Economics

by TheAdviserMagazine
October 31, 2025
0

There is a certain genius in simplicity and clarity. Conceptual and written clarity is one of the aspects of the...

edit post
Trust Government Statistics, Not Government

Trust Government Statistics, Not Government

by TheAdviserMagazine
October 31, 2025
0

“Expert failure” is clearly having a moment. Pollsters, Wall Street analysts, tech futurists… all are facing demands to reckon with...

edit post
Links 10/31/2025 | naked capitalism

Links 10/31/2025 | naked capitalism

by TheAdviserMagazine
October 31, 2025
0

How SOS Became the Universal Distress Signal Laughing Squid Dictionary.com’s word of the year is ‘6-7.’ But is it even...

edit post
Seoul And Washington Pen 0 Billion Deal

Seoul And Washington Pen $950 Billion Deal

by TheAdviserMagazine
October 31, 2025
0

Washington and Seoul brokered a historic $950 billion deal, bringing the two nations closer in both trade and military alliance....

edit post
Market Talk – October 30, 2025

Market Talk – October 30, 2025

by TheAdviserMagazine
October 30, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 17.96 points or 0.04% to...

edit post
Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

by TheAdviserMagazine
October 30, 2025
0

BUSAN, SOUTH KOREA - OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral...

Next Post
edit post
Intuit (INTU) reaffirms first-quarter and fiscal 2026 financial guidance

Intuit (INTU) reaffirms first-quarter and fiscal 2026 financial guidance

edit post
Automated Investing (A Lazy Person’s Guide to Building Wealth)

Automated Investing (A Lazy Person’s Guide to Building Wealth)

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Getting Started: How to Browse Listings

Getting Started: How to Browse Listings

0
edit post
High Dividend 50: Delek Logistics Partners

High Dividend 50: Delek Logistics Partners

0
edit post
Trust Government Statistics, Not Government

Trust Government Statistics, Not Government

0
edit post
OpenSea Once Again Tops The NFT Marketplace Chart In October

OpenSea Once Again Tops The NFT Marketplace Chart In October

0
edit post
Best 7 Home Warranty Companies for Seniors: How to Choose One

Best 7 Home Warranty Companies for Seniors: How to Choose One

0
edit post
Key takeaways from Altria’s (MO) Q3 2025 earnings report

Key takeaways from Altria’s (MO) Q3 2025 earnings report

0
edit post
Getting Started: How to Browse Listings

Getting Started: How to Browse Listings

October 31, 2025
edit post
Tattd gave four TechCrunch writers tattoos at Startup Battlefield

Tattd gave four TechCrunch writers tattoos at Startup Battlefield

October 31, 2025
edit post
Getting Started: Buying Formats and Payments

Getting Started: Buying Formats and Payments

October 31, 2025
edit post
Best 7 Home Warranty Companies for Seniors: How to Choose One

Best 7 Home Warranty Companies for Seniors: How to Choose One

October 31, 2025
edit post
Importance of Critical Illness Insurance: Is it Worth the Investment?

Importance of Critical Illness Insurance: Is it Worth the Investment?

October 31, 2025
edit post
This China-Based Trading App Operator Sees Explosive Profit Growth. More Is Expected.

This China-Based Trading App Operator Sees Explosive Profit Growth. More Is Expected.

October 31, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Getting Started: How to Browse Listings
  • Tattd gave four TechCrunch writers tattoos at Startup Battlefield
  • Getting Started: Buying Formats and Payments
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.