New Delhi, February 28: According to Amazon CEO Andy Jassy, fears surrounding mass job losses due to artificial intelligence (AI) are exaggerated.
In a recent media interview, Jassy stated that AI will change the way we work rather than completely eliminate jobs. He acknowledged that roles requiring significant human labor over the past 20 to 30 years may require fewer workers in the future. However, this does not imply that jobs will disappear entirely.
Jassy emphasized that, as with every major technological revolution, the era of AI will also create new types of jobs. He remarked, “I believe that the jobs we have employed many people for over the past 20-30 years will not require as many in the future. But I also think new jobs will emerge. This has happened with every technological shift.”
Meanwhile, several other reports echo the sentiment that AI will not eliminate jobs but will reshape them. A recent report from brokerage firm Morgan Stanley suggests that the long-term impact of AI may not be as severe as many believe.
The report indicates that while some roles may become automated, most employees will not face permanent unemployment. Instead, they will transition into new types of jobs, some of which do not currently exist.
Morgan Stanley supports its argument by referencing significant technological changes over the past 150 years, including electricity, mechanized farming, computers, and the internet. These advancements transformed industries and altered work methods without completely displacing human labor.
The report also cites the introduction of spreadsheets in the 1980s as an example. While spreadsheets reduced some clerical tasks, they allowed financial professionals to engage in more complex and valuable work. Over time, this shift created new career opportunities in the finance sector rather than eliminating it.
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