Young People Begin To ‘Freak’ About AI Taking Their Jobs, Survey Reveals – ZH

Via ZeroHedge

Millions of jobs across the Western world are at risk due to artificial intelligence. Earlier this year, Goldman Sachs cautioned its clients that AI could affect up to 300 million jobs in the coming years. Recent news about IBM implementing a hiring freeze due to automation, along with similar actions by other corporations, has sparked the ‘fear of becoming obsolete’ (FOBO) among the younger workforce participants, according to a new poll.

Gallup revealed a surge in respondents expressing FOBO, driven by the expansion of AI, over the last year.

Twenty-two percent now say they worry that technology will make their job obsolete, up seven percentage points from the prior reading in 2021. The figure had previously varied between 13% and 17%, with little upward movement in the trend.


FOBO is occurring with “college-educated workers, among whom the percentage worried has jumped from 8% to 20,” Gallup said. At the same time, survey data showed those without college degrees could care less about AI taking their jobs. Most of the FOBO is occurring with younger respondents.

The number one worry respondents had was AI and other technological advancements harming their job benefits. About a third said they were worried about reduced benefits, and almost a quarter worried about decreasing wages.

The wake-up call for workers has been the release of ChatGPT last November. “It is no longer only about robots standing in for humans in warehouses and on assembly lines but has expanded to online programs conducting sophisticated language-based work, including writing computer code,” Gallup said.

According to Goldman’s Jan Hatzius, “using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work. Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300 million full-time jobs to automation” as up to “two-thirds of occupations could be partially automated by AI.”

Reports like Goldman’s have been echoed by other investing desks and Wall Street professionals. These reports have sparked a wave of FOBO across the Western world.

For more insight into the rapidly evolving job landscape, Visual Capitalist’s Marcus Lu and Sabrina Lam – using data from MSCI – has ranked the industries where AI-driven automation will displace the most workers.

This is a big problem for all those college students accumulating insurmountable student debt for degrees that may be proven worthless.


The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.