I can speak to this topic with some level of authority because I am a cybernetician. In my line of work, I digitize and standardize business processes to drive efficiencies. My main focus in on operations management because it's easier to design expert systems to automate human decision making using algorithms. In my line of work, we use to have people called coordinators who would track what people are working on and make sure all is on track. Many of them are no longer useful because the systems automate much of the work by using an algorithm to understanding aging, overdue, and etc... and it pings the people who are not doing their job and it pings their manager...effe
ctively doing 70% of the job...yes you lose the human touch but the cost-saving C-level don't care because the cost down is a compelling reason for people to buy less customer service.
Now if we go back in time, we've seen the automation of an entire profession call secretary. Every engineer use to have a secretary to write memos. Now they are all gone. There was a time when tellers were all people, and then ATM came about and tellers do the least transaction because ATM are so much more convenient and cheaper to operate -- no healthcare, pension, and social security. Cashier use to be a job, and now you have automated checkout taking over 60% of the job... Look at McDonald and Walmart checkouts.
Read the work of Kai Fue Lee and he says that automated traders are better at trading than stock traders. There won't be traders on the floor anymore because the machines can do a better job. Just about any job (problem) that you can apply algorithms based upon statistical thinking, probabilistic reasoning, and stochastic modeling, you can automate with an algorithm.
The only protection against automation is creativity, semiotics (meanings), and feelings. Many of these things do not pay well.
To those who AI do not have a conscience and we should not fear it, take a look at these two graphs. If you don't understand the graph then the graph says GDP has been growing but wage has not. This is why in an abundant society we still have poverty because the top .05% are taking the massive gains off the backs of people. Capitalist, connected, and intellectual are uniting their capabilities and taking advantage of those less fortunate...th
ose who were not born wealthy and those who were not born with a 135+ IQ. The old argument used to be that these three people deliver more value to society than they take so let them keep it, but given society is crumbling with the higher divorce rate, suicide rates, and etc... the social-economic data suggests otherwise. The truth is since 1960, the woman empowerment movement has caused massive supply into the labor force depressing the labor market and this resulted in a family unit which use to work 40hrs a week to now work at least 90 hours a week for the same pay. Great going woman empowerment movement, while woman gains their rights, it was at the cost of the family, which was the social substrate that kept family together. Yes, the mother is the single most powerful person to keep society together but she was told she can do better than be a mom, she can be an engineer and doctor...that's because the capitalist places ZERO value on a mother who gives EVERYTHING to society. So here you have the gist of things... Last thing, if you add in the man movement, in which men refuses to marry, then our society don't even have a flywheel to sustain our population like Japan. There is really low motivation to reproduce and guess what, the overlords already planned for that and it is through automation. You all better pray automation comes through because there won't be young adults to wipe our asses when we grow old.
GDP vs Wage