While there is still some skepticism surrounding the pace at which AI will take over, it’s important to consider the potential impact on the workforce. Economist Joseph Schumpeter coined the term “creative destruction” to describe the way capitalism destroys the old and inefficient to make way for the new and improved. But this destruction also has a negative impact on communities and individuals, as jobs become obsolete, and people are forced to constantly adapt to new industries.
Despite these concerns, the advancement of technology and capitalism must continue. And with AI poised to play a major role in the future of work, it’s wise for businesses to start exploring the possibilities.