1) Job Losses Due To AI Automation

AI-powered job automation is a major concern across several industries, including marketing, manufacturing, and healthcare It is expected that around 85 million jobs will be lost to automation between 2020 and 2025, with Black and Latino employees being particularly vulnerable.

According to futurist Martin Ford, the creation of low-wage service sector jobs has helped maintain a low unemployment rate However, this trend is not expected to continue as AI robots become more capable of completing tasks that previously required human workers.

While it’s true that AI will create around 97 million new jobs by 2025, many employees may not have the necessary skills to secure these technical roles, potentially leaving them behind in the job market.

Ford questions whether individuals with jobs like flipping burgers at McDonald’s will have the necessary education or training to obtain new jobs created by AI, which may require intrinsic talents like interpersonal skills or creativity that computers are not yet good at.