So why is ChatGPT a Ravenclaw? - Paid Content

The AI wants to be Edgar Allen Poe
In the previous article on this topic, I mentioned how the McKinsey Global Institute estimates that about half of all work activities could be automated and that many workers would need to change jobs by 2030. But these changes do not necessarily result in large-scale unemployment and poverty. One reason for this is that “early, innovation-focused adopters are positioning themselves for growth, which tends to stimulate employment.” I mentioned several other reasons in the bonus content accompanying my AI article, namely that large-scale job losses are usually offset by job growth in other sectors and that the positive effects of automation on productivity lead to increased consumer demand and therefore jobs. However, this tends to be preceded by a period of job losses and lower wages. Societies can do a lot prevent or reduce these negative short-term effects. For instance, by retraining workers and providing robust social safety nets.

When it comes to …