No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, June 19, 2026
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
9 months 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

Mortgage Rates Today, Friday, September 19: A Little Higher

Related Posts

edit post
Nevada workforce is expanding thanks to AI boom, diversifying economy

Nevada workforce is expanding thanks to AI boom, diversifying economy

by TheAdviserMagazine
June 19, 2026
0

The Strip, The Sphere and full replica of the Eiffel Tower in daytimeStrekoza2 | Istock Editorial | Getty ImagesA sparsely-populated...

edit post
The American Revolution and the Danger of Standing Armies

The American Revolution and the Danger of Standing Armies

by TheAdviserMagazine
June 19, 2026
0

Among the key men involved in the American Revolution and the following periods, we find an oft-repeated concern that may...

edit post
Remembering Gordon Wood, 1933–2026 – Econlib

Remembering Gordon Wood, 1933–2026 – Econlib

by TheAdviserMagazine
June 19, 2026
0

I first met Gordon Wood in the late 1980s, when I was a graduate student attending a roundtable organized by...

edit post
Report Details ‘Human Rights Crisis’ Wrought by Trump ICE Surge in Minnesota

Report Details ‘Human Rights Crisis’ Wrought by Trump ICE Surge in Minnesota

by TheAdviserMagazine
June 19, 2026
0

Yves here. While most of us were busy watching events like the Iran war, the AI bubble, private debt wobbles,...

edit post
Slovakia’s Constitutional Court Fires A Warning Shot At Debt Addiction

Slovakia’s Constitutional Court Fires A Warning Shot At Debt Addiction

by TheAdviserMagazine
June 19, 2026
0

The politicians always promise everything to everyone because that is how they get elected. They hand out benefits, expand programs,...

edit post
Trump claims Iran deal is ‘unconditional surrender’: Axios

Trump claims Iran deal is ‘unconditional surrender’: Axios

by TheAdviserMagazine
June 18, 2026
0

U.S. President Donald Trump talks as he meets French President Emmanuel Macron for a bilateral meeting at Hotel Royal Evian...

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
Florida Roads Become a Battleground for Illegal Immigration

Florida Roads Become a Battleground for Illegal Immigration

June 9, 2026
edit post
Louisiana’s Age-Tiered Homestead Exemption: 8 Details About the Proposed 2028 Amendment

Louisiana’s Age-Tiered Homestead Exemption: 8 Details About the Proposed 2028 Amendment

June 15, 2026
edit post
The 8 States That Still Tax Social Security in 2026

The 8 States That Still Tax Social Security in 2026

June 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
A Tax on Social Media – Blue-State Governments’ Newest Ploy

A Tax on Social Media – Blue-State Governments’ Newest Ploy

June 5, 2026
edit post
5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

5 Pennsylvania Rebate Rules Seniors Should Check Before the Property Tax/Rent Deadline

June 18, 2026
edit post
How Long Will the Innodata Party Last?

How Long Will the Innodata Party Last?

0
edit post
Liad Agmon unveils ‘spiritual’ startup Sunsay

Liad Agmon unveils ‘spiritual’ startup Sunsay

0
edit post
What exactly is direct tax?

What exactly is direct tax?

0
edit post
Nevada workforce is expanding thanks to AI boom, diversifying economy

Nevada workforce is expanding thanks to AI boom, diversifying economy

0
edit post
24X Files SEC Proposal To Bring Tokenized Russell 1000 Stocks To Regulated Markets

24X Files SEC Proposal To Bring Tokenized Russell 1000 Stocks To Regulated Markets

0
edit post
The new financial roadmap for Gen Z and young Canadians

The new financial roadmap for Gen Z and young Canadians

0
edit post
24X Files SEC Proposal To Bring Tokenized Russell 1000 Stocks To Regulated Markets

24X Files SEC Proposal To Bring Tokenized Russell 1000 Stocks To Regulated Markets

June 19, 2026
edit post
Is Bloom Energy (BE) The Best Energy Stock in Trump’s Latest Portfolio?

Is Bloom Energy (BE) The Best Energy Stock in Trump’s Latest Portfolio?

June 19, 2026
edit post
Nevada workforce is expanding thanks to AI boom, diversifying economy

Nevada workforce is expanding thanks to AI boom, diversifying economy

June 19, 2026
edit post
What To Do on Stock Market Holidays

What To Do on Stock Market Holidays

June 19, 2026
edit post
WhiteBIT EU Secures MiCA License in Austria, Expanding Regulated Crypto Services Across Europe

WhiteBIT EU Secures MiCA License in Austria, Expanding Regulated Crypto Services Across Europe

June 19, 2026
edit post
I watched enterprises buy AI that solved the wrong problem. So I left Dell and built a startup to fix it

I watched enterprises buy AI that solved the wrong problem. So I left Dell and built a startup to fix it

June 19, 2026
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

  • 24X Files SEC Proposal To Bring Tokenized Russell 1000 Stocks To Regulated Markets
  • Is Bloom Energy (BE) The Best Energy Stock in Trump’s Latest Portfolio?
  • Nevada workforce is expanding thanks to AI boom, diversifying economy
  • 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.