Will AI Replace Our Jobs?

Is UBI a curse or blessing?

AI will replace 300 million jobs in 10 years. This is based on research from Goldman Sachs.

What will happen to humans then?

Let's find out 🧵⤵️

Dramatic representation of AI taking over all work leaving humans in destitution
(Of course, the image is also created using an AI, DALL-E 2)

1/ Is this prediction accurate?

AI is already replacing jobs in numbers.

Think about it, if a company can get away with 10 employees instead of 100, why would they hire more?

@Jason has an insightful thread on this:

2/ Won't AI create new jobs?

What if AI is different than any previous invention?

What if AI does create new jobs but then trains itself to do those new jobs faster than humans?

AI will be a cheaper alternative than humans, any way you slice it.

3/ Is UBI a solution?

Sam Altman (founder of Open AI) certainly thinks so.

The most popular solution to a post-AI society seems to be the introduction of a Universal Basic Income (UBI). Essentially everyone gets a monthly stipend from the government, even without doing any work.

4/ Is a dystopia inevitable?

A world where all jobs have been replaced by machines can become a dystopia in the blink of an eye.

Watch this (dramatic) video of what life might look like in the worst-case scenario.

5/ Has UBI worked in the past?

But it's not all doom & gloom.

According to Scott Santens, UBI has always worked when implemented correctly. According to research data, it increases self-employment by a whopping 301% and reduces the crime rate by 42%.

6/ What can we do?

The best thing you can do is to upskill yourself & stay ahead of the curve.

Read up on all the new AI tools that are coming out and check out which skills are in high demand in the job market.

Learn how to use Chat GPT effectively, and learn at least the basics of prompting. Learn what’s one shot vs. few shot vs. chain of thought.

There are already a few high paying AI prompt engineering jobs on the market. More are on the way.

Drop me a DM on Twitter if you want me to cover any of these topics (prompt engineering, AI jobs, etc).

That’s a wrap for this week.

Bonus: Top 5 AI Tools

  • Rask.ai (Dub your videos & podcasts into 60 languages)

  • Cheatlayer.com (Create powerful automation using just plain English)

  • Wisdomai.com (Your personal content coach)

  • Tweetify.it (Turn your long-form blog posts into Tweets)

  • Mokker.ai (Studio quality product photography at home)

Follow @NextLogicHQ on Twitter for more.

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