AI Article Readings How not to lose your job to AI - By Benjamin Todd
Jun 18, 2025
Workers are increasingly anxious about job displacement due to AI, especially younger employees. The podcast delves into essential skills for navigating careers in this AI-driven era, highlighting the need for irreplaceable human capabilities. It discusses automation's paradox, where technology can both displace jobs and create new opportunities. The limits of AI in complex decision-making emphasize the importance of human judgment. As AI transforms the job market, enhancing management and adaptability skills becomes crucial for future success.
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ATMs Boosted Bank Teller Jobs
- ATMs initially reduced tellers per bank branch but increased total teller employment due to more branches opening.
- Tellers shifted focus from counting money to talking with customers, illustrating automation boosting related skills' value.
Automation Raises Complementary Skills
- Automation lowers wages for the automated skill but raises the value of complementary skills that become bottlenecks.
- Partial automation can increase total employment by making workers more productive before full automation effects set in.
Automation’s Long-Term Job Effect
- Partial automation can increase employment initially, but comprehensive automation reduces it.
- Digital banking reduced teller jobs after ATMs increased them, showing long-term automation trends.