“These estimates do not directly correspond to job losses, but they do indicate that a large proportion of occupations are vulnerable, and that there is an opportunity to leverage the jobs that will be most affected. We must have a plan for the impact that AI could have,” says Eric Parrado, chief economist at the IDB and co-author of the index.”
Increase in productivity under a profit system means more work for fewer people, or under a slavery system more work for more people because labor cost isn’t a factor.