Artificial intelligence is poised to automate lots of service jobs. The White House has estimated there's an 83% chance that someone making less than $20 will eventually lose their job to a computer. That means gigs like customer service rep could soon be extinct.
But it's not just low-paying positions that will get replaced. AI also could cause high earning (like top 5% of American salaries) jobs to disappear.
That's the theme of New York Times reporter Nathaniel Popper's new feature, The Robots Are Coming for Wall Street.
The piece is framed around Daniel Nadler, the founder of Kensho, an analytics company that's transforming finance. By 2026, Nadler thinks somewhere between 33% and 50% of finance employees will lose their jobs to automation software. As a result, mega-firms like Goldman Sachs will be getting "significantly smaller."
________________________________________________________________________________Read Complete Article