Ford's CEO warns that AI will impact white-collar jobs in US
Interestingly, he was the first CEO of a Fortune 500 company to warn about job elimination.
Speaking at the Aspen Ideas Festival, Jim Farley pointed out the role of artificial intelligence in taking over the job sector. He speaks at the conversation with famous author Walter Isaacson.
Unlike other CEOs, Farley pointed out directly that AI is going to replace the headcounts in multiple departments, including administrative, technical, and managerial positions. He also highlighted that now AI is not just merely a tool for driving work productivity, but it has become a part of the transformation process.
Jim Farley also stressed the point that blue-collar jobs are less prone to being victims of AI-driven automation. He termed these jobs as 'essential economy.' These include sectors such as manufacturing, logistics, and other services, which are also facing the issue of worker shortage.
Earlier this month, Amazon CEO Andy Jassy also highlighted the point that AI will lead to the shrinkage of the corporate workforce in the upcoming years. He said that the net corporate workforce will reduce, besides the fact that AI will also lead to the creation of some jobs.
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Hindustan Times
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United News of India
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