I have not gone through the entire thread. Apologies if this is just regurgitating something someone else already posted.
AI is just a glorified name for automation, something that has been going on for hundreds of years. It can definitely replace "your" job (generic "you"), but it also creates many new jobs.
This is due to the O-Ring principle of Economic Development.
https://en.wikipedia.org/wiki/O-ring_theory_of_economic_developmentThis theory has a long history starting with the NASA Challanger Shuttle disaster in 1986.
Here is how it goes:
1. There are 100 tasks in our fictitious value chain producing end client value.
2. AI is able to replace 80 of those 100 tasks, improving reliability, speed and accuracy AND decreasing cost for these tasks.
- Because of the way typical incentive structures work, this is implemented asap so that managers controlling these 80 tasks can take all the credit and point fingers to the people controlling the rest of the 20 tasks.
3. As per the O-Ring Theory, the rest of the 20 tasks, things that can not be done by AI, suddenly become very important. They need to be improved as well, else the entire value chain is denied any improvement. The labor saved in the AI-replaced tasks are now devoted to these 20.
We have seen this O-Ring theory bear out in many industries. Look at all the bank tellers replaced by the ATM machines. You can go to "
https://www.bls.gov/charts/employment-situation/employment-levels-by-industry.htm" and pull up the chart for "Financial Activities". Or you can go to "
https://www.bls.gov/opub/ted/2016/employment-by-industry-1910-and-2015.htm" and compare 2015 against 1915 - i.e. a century.
In all data, you do not only NOT see a sudden cliff you'd expect when ATM's invaded the bank tellers job - but there seems to be gradual increase.
What happened?
Well, when the bank tellers no longer had to count money, they were deployed to become personal bankers. The number of people employed did not go down, just that a different part of the job suddenly became important and they were all employed there.
The same thing played out in many other sectors. Spreadsheets invaded accounting and we no longer have the paper-pusher roles in any big corp that existed 50 years ago. But look at the number of professionals doing accounting, and it has not only NOT gone down, but increased dramatically. Automation made a large part of the corporate value chain more reliable and more efficient - the ERP/SCM etc. Accounting HAD To keep up or else no benefits would accrue. Hence came many more accountants who no longer did much arithmatic by handheld calculators - but work on optimizing a new part of the workflow that simply did not exist 50 years ago.
The above assumes, of course, that there will always be the 20 jobs in the value chain of 100 that AI can't do. This has held so far, and I believe will hold for decades into the future unless some earth-shattering development in CS and Math comes along and is not expected anytime soon.
My knowledge in this field is a decade+ dated, since when I dabbled into NN and learning in college. Most of the technological developments of AI happened after 2012 (
https://qz.com/1307091/the-inside-story-of-how-ai-got-good-enough-to-dominate-silicon-valley/).
As far as I understand, however, all these developments since 2012 are purely technological. The background math and science has not improved much. If so, the current boom of AI will be limited to "Weak AI":
https://en.wikipedia.org/wiki/Weak_AI.
To break the assumption, and have AI replace all 100 tasks in the value chain, you need "Strong AI":
https://en.wikipedia.org/wiki/Artificial_general_intelligence. We are nowhere near this!
Summary:
Fear of AI is overblown. Rest easy. Yes, "your job" may be automated, but there will always be new opportunities created as long as you stay nimble on your feet.
We are nowhere near the future where humans, as a whole, are outdated.