ok 1st off. I agree it will replace white collar jobs.
in my mind the explosion of knowledge based white collar jobs happened in the late 90s.
they are all TEMP jobs anyways (30 years) as they are being replaced by AI.
they were not real jobs anyways just temp jobs created with the invention of the internet.
yes businesses will lay off people to save money, but most will use those people to expand their businesses in other roles.
My view is if 1 million white collar temp knowledge workers are laid off and they have to help fill the 8 million open other jobs in the economy.
then AI did not replace any jobs it helped re-align the workforce to the jobs that are needed by eliminating "temp knowledge based jobs" that we no longer need.
I don't buy into the narrative.
The employment and government numbers have been manipulated since Obama.
I think you overlook the fact that we have been living, in the US, under socialism since at least the 1990s. This has caused the explosion in government's hands on the economy. We not only have government but also industries it controls such as education and healthcare (two of the least efficient industries out there).
Will this change? Hard to tell in spite of the current administration. But outside of that, where regulation is in the way, we will see a crushing.
The JOLTS numbers are full of ghost-jobs. There arent that many available. Companies keeps jobs posted often to provide the illusion of growth and to keep getting applications to push others out.
As for jobs being created, any that do evolve, will be done with AI. The ones getting automated out of HR are not going to repurposed within the organization.
Keep in mind we still dont have a major recession on hand. There is still decade how bad it is. We will come to the point where things are bad (cant escape the biz cycle which hits roughly in 2026).
Another 2008 type situation will see this put on steroids.
Oh I agree with this.
but once again I feel HR depts were a "woke" creation.
they become something that was never needed in a company.
those people will either retire, stay at home (no loss in economic productivity) or find a part time job in retail to earn some money (help fill those jobs)
once again I feel this is just a re-alignment of people with the jobs that we should have and eliminate the fake / temp jobs created in corporate America throughout the 90s.