AI May Not Steal Many Jobs After All. It May Just Make Workers More Efficient -Imagine a customer-service center that speaks your language, no matter what it is.
Techlife News|September 07, 2024
Imagine a customer-service center that speaks your language, no matter what it is. Nick Bunker, an economist at the Indeed Hiring Lab, said he thinks AI “will affect many, many jobs — maybe every job indirectly to some extent. But I don’t think it’s going to lead to, say, mass unemployment. We have seen other big technological events in our history, and those didn’t lead to a large rise in unemployment. Technology destroys but also creates. There will be new jobs that come about.’’
AI May Not Steal Many Jobs After All. It May Just Make Workers More Efficient -Imagine a customer-service center that speaks your language, no matter what it is.

Imagine a customer-service center that speaks your language, no matter what it is.

Alorica, a company in Irvine, California, that runs customer-service centers around the world, has introduced an artificial intelligence translation tool that lets its representatives talk with customers who speak 200 different languages and 75 dialects.

So an Alorica representative who speaks, say, only Spanish can field a complaint about a balky printer or an incorrect bank statement from a Cantonese speaker in Hong Kong. Alorica wouldn’t need to hire a rep who speaks Cantonese.

Such is the power of AI. And, potentially, the threat: Perhaps companies won’t need as many employees — and will slash some jobs — if chatbots can handle the workload instead. But the thing is, Alorica isn’t cutting jobs. It’s still hiring aggressively.

The experience at Alorica — and at other companies, including furniture retailer IKEA — suggests that AI may not prove to be the job killer that many people fear. Instead, the technology might turn out to be more like breakthroughs of the past — the steam engine, electricity, the internet: That is, eliminate some jobs while creating others. And probably making workers more productive in general, to the eventual benefit of themselves, their employers and the economy.

Nick Bunker, an economist at the Indeed Hiring Lab, said he thinks AI “will affect many, many jobs — maybe every job indirectly to some extent. But I don’t think it’s going to lead to, say, mass unemployment. We have seen other big technological events in our history, and those didn’t lead to a large rise in unemployment. Technology destroys but also creates. There will be new jobs that come about.’’

This story is from the September 07, 2024 edition of Techlife News.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the September 07, 2024 edition of Techlife News.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM TECHLIFE NEWSView All
AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS
Techlife News

AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS

The Australian government said it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations.

time-read
2 mins  |
December 21, 2024
JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS
Techlife News

JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS

Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in a major management reshuffle billed as key to a turnaround.

time-read
2 mins  |
December 21, 2024
EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS
Techlife News

EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS

The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.

time-read
1 min  |
December 21, 2024
NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS
Techlife News

NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS

Nearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published by the Pew Research Center.

time-read
1 min  |
December 21, 2024
OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'
Techlife News

OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'

A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company.

time-read
3 mins  |
December 21, 2024
TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION
Techlife News

TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION

After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications.

time-read
3 mins  |
December 21, 2024
TRUMP HOSTS APPLE CEO AT MAR-A-LAGO AS BIG TECH LEADERS CONTINUE OUTREACH TO PRESIDENT-ELECT
Techlife News

TRUMP HOSTS APPLE CEO AT MAR-A-LAGO AS BIG TECH LEADERS CONTINUE OUTREACH TO PRESIDENT-ELECT

Donald Trump hosted Apple CEO Tim Cook for a Friday evening dinner at the president-elect's Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly.

time-read
2 mins  |
December 21, 2024
MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES
Techlife News

MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES

Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed or failed to disclose - about his purchases of Twitter stock before he bought the social media platform in 2022.

time-read
2 mins  |
December 21, 2024
ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY
Techlife News

ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY

SpaceX is launching a new mission: making its Starbase site a new Texas city.

time-read
1 min  |
December 21, 2024
OPENAI RELEASES AI VIDEO GENERATOR SORA BUT LIMITS HOW IT DEPICTS PEOPLE
Techlife News

OPENAI RELEASES AI VIDEO GENERATOR SORA BUT LIMITS HOW IT DEPICTS PEOPLE

OpenAl has publicly released its new artificial intelligence video generator Sora but the company won't let most users depict people as it monitors for patterns of misuse.

time-read
1 min  |
December 21, 2024