Losing jobs: Can AI take away our future?

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Can AI take away our future

Lessons from history

The emergence of new technologies has frightened humanity many times. For example, when Henry Ford introduced the assembly line in the early 20th century, society panicked: workers feared that mass mechanization would make their labor obsolete. But the reality turned out differently — productivity skyrocketed, cars became cheaper, and demand for skilled workers increased. Instead of eliminating jobs, the assembly line created new professions and gave a powerful boost to the development of an entire industry.

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Similar fears accompanied subsequent technological revolutions. Factory mechanization, the advent of computers, and office automation were all perceived as threats to the established order. However, in each case, the labor market didn’t vanish — it transformed. Some professions disappeared, but new ones emerged — more in demand and better paid.

Professions changed by AI

So far, artificial intelligence has not led to mass unemployment, but it has already begun to reshape many professions. The changes have primarily affected those specialties where tasks can be easily automated: cashiers, office workers, call center operators, journalists, and even junior programmers. At the same time, physical labor — such as the work of plumbers, nurses, or construction workers — remains outside the danger zone for now.

According to forecasts by the World Economic Forum, by 2030 the introduction of AI could create 170 million new jobs, while at the same time eliminating around 92 million, especially in routine and semi-automated sectors.

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Goldman Sachs, however, claims that unemployment growth due to AI is likely to be moderate and temporary — around 0.5%, provided companies are able to prepare employees for the changes.

Parallels with cryptocurrencies and trading

Trading on financial markets is a good example of where artificial intelligence strengthens people’s positions rather than replacing them. Already today, algorithms help traders analyze massive datasets, identify patterns, and reduce risks. In the cryptocurrency sector, this is especially evident: AI is being implemented in trading bots, liquidity management, and the automation of processes in DeFi.

If we draw an analogy, artificial intelligence today affects the labor market in much the same way cryptocurrencies transformed the world of finance ten years ago. Back then, the emergence of Bitcoin and blockchain also frightened investors and bankers — it seemed as if the new technology would destroy established systems. But instead, cryptocurrencies created thousands of jobs — from analysts and developers to traders and cybersecurity experts.

What the future holds

History shows that every technological revolution was initially seen as a threat, but ultimately ended positively. Artificial intelligence can indeed replace routine tasks and transform many professions, but its long-term role is more about creating new industries and forms of employment rather than destroying them. As with cryptocurrencies, the initial fear may give way to new opportunities and professions we can’t yet imagine.

The key question is not whether “AI will take jobs,” but how well society and businesses can adapt to change. If companies invest in reskilling employees and governments create fair rules and standards for implementing technologies, artificial intelligence will not be a threat but a tool for sustainable economic growth. Ultimately, it is people who determine what the future of technology will look like.

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