- AI and automation could displace millions of jobs, according to experts.
- Crypto creates new industries but disrupts finance sectors.
- The impact of AI and crypto on jobs has been debated.
Artificial intelligence (AI) and cryptocurrency are two of the most talked-about technological advancements of the modern age. While AI is changing how we live and work, cryptocurrency has revolutionized the financial world. However, as with technological advancement, there is always a flip side. Will AI and crypto make people rich or put them out of work?
Recently, Lark Davis, a prominent cryptocurrency influencer known as CryptoLark, took to Twitter to express his views on the impact of AI on the job market. In his tweet, Davis argued that while AI would make some people rich, it would also put many people out of work.
Davis’s view is supported by many experts who believe that AI will lead to significant job losses in the coming years. The World Economic Forum’s most recent study predicts that by 2025, computers might undertake 71% more current labor duties than people now do.
The report also notes that the jobs most at risk of automation include administrative support, manufacturing, and construction.
Moreover, the rise of cryptocurrencies and blockchain technology has also led to concerns about the impact on the job market. While blockchain and crypto have created new industries and job opportunities, they have disrupted traditional financial institutions and led to job losses in the banking and finance sectors.
Despite the potential job losses, proponents of AI and crypto argue that these technologies will ultimately lead to more remarkable economic growth and prosperity. They believe that the benefits of these technologies outweigh the costs and that the job market will adapt and create new opportunities for workers.
