This essay as told is based on a conversation with Max Votek, co-founder and managing partner of Customertimes, a business consulting firm that helps Fortune 500 companies implement AI. This essay has been edited for length and clarity. Companies are quick to blame layoffs on artificial intelligence. But from my perspective, advising Fortune 500 companies
Elon Musk says AI will create such abundance that governments will provide for everyone and work will become an option. Michael Burry says getting there will be a tough road. “AI+ robots will be able to do everything, resulting in high universal incomes,” Musk recently posted on X. “Work will be optional.” “False,” Burry replied.
AI is coming to millions of American jobs, but that doesn’t mean the job will disappear forever. Joseph Briggs, who heads Goldman Sachs Research’s global economics team, said on a recent episode of the bank’s “Exchanges” podcast that he expects about 9% of the U.S. workforce to be displaced as AI is adopted across the
