20 Jobs DISAPPEARING NOW Due To AI (New Reports)
The first 5 of the 20 jobs
1. He talks about telephone service jobs, in some cases they replaced their entire service department with ChatGPT. They are concerned about proprietary information being on a free AI, but obviously for the Fortune 500 companies they can have a proprietary version of AI do their customer service.
2. Telemarketers -- cold callers, salesmen -- I could see how this job will be completely replaced by AI. What you need for AI is a lot of data, imagine how many phone calls they have recorded that AI could train on. Now I suspect the Fortune 500 companies wouldn't simply eliminate their entire sales force, but you could see them replacing 50% in one year and then as they get more confidence going to 80% AI and then 95% AI.
Key point right now is that we should be focusing on new hires instead of a guy with 20 years experience. New hires have the highest training costs and the most risk. If AI is already better than 90% of your new hires why even risk it. So the real concern is not pink slips, but companies simply not hiring. This will show up in China and India first. Think about all these young college grads in China saying it is impossible to get a job, I think this may be the canary in the coal mine.
3. Translation -- Here is where we will see massive layoffs. You take one really competent person, they can now do the work of ten or twenty people if you give them AI. If a company has a large team of translators, let's say 100, you could easily reduce this to your 10 best with the expectation that five of them would retire in the next two years. A lot of translation is not some linguistic work of art. Imagine the cops pick up someone who isn't speaking english, they have AI immediately detecting the language, translating the guys responses and translating their words to him. Or a restaurant translating the menu to tourists, etc. etc. One application is dubbing a video with any language. Now it is easy to see that if this application is free we will see much more dubbing than ever before, but the downside of it being free is that all that dubbing is training the AI. Imagine you have a video in English with a million views. If you dub it in Spanish, and dub it in Chinese, you might increase that to 5 million views.
4. Entry level Programming / Coding -- AI is performing better than 85% of the competitive environments. However, it is also faster and cheaper than 100% of entry level employees. It seems to me that most if not all entry level programming and coding jobs will be gone. As the AI improves at an exponential rate you will see layoffs. I would not all be surprised if in six months we hear that it is now better than 95% of coders. Again, once you start feeding massive amounts of data into it and it is operating at the 85% level it improves very quickly. AlphaGo went from the 85% level to the best Go player in the world in a matter of about three months. We have already seen tens of thousands of programmers laid off, so we aren't just looking at new hires getting shut out but workers being laid off. The idea is that you use it as a tool for one person to do the work of two or three, but by doing that you are training it and it will improve at an exponential rate, and unless you can do something it can't your job is not safe because it will always be faster and cheaper than you and work four shifts a week.
5. Accountant -- AI is very effective at this, but will not be replacing CPA's. Bookkeepers will probably be replaced, and CPAs will probably be able to do the work of 3 CPAs with the help of AI. So layoffs for Bookkeepers and no new hires for CPAs.
Also, please note these estimates have a two year window, by that I mean most people do not want to get a job if you will be forced out in less than two years. There are always going to be people who adopt new technology quickly and others who are slower, but when you discover your competition is doing the work in half the time and at half the cost you will have to adapt or die.