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Eric Siu argues AI won't eliminate jobs, pointing to historical examples like ATMs and spreadsheets that created more work instead. Companies with high AI adoption show a 10.2% average headcount increase, with entry-level roles up roughly 12%.
Eric Siu argues AI won't eliminate jobs, pointing to historical examples like ATMs and spreadsheets that created more work instead. Companies with high AI adoption show a 10.2% average headcount increase, with entry-level roles up roughly 12%.
Let's disprove the whole myth that AI is going to take jobs because that's BS. When you look at radiology, people are like, oh my God, radiology is— that job is dead. Once AI figured out how to handle the image tests, but there's more radiologists than ever. There's more job openings than ever. Oh, the ATM came out. Oh, tellers are not going to have jobs anymore. There's more tellers than ever because more banks ended up opening, right? The spreadsheet is going to kill jobs. That created more financial jobs than ever. And if you look at all the jobs today, 60% plus of the jobs that we have today are net new since World War II. So companies that spend more on AI also increase worker numbers, right? So change in headcount by intensity of use. So this is all jobs on the left side over here. You can see that 10.2% average increase for companies that have high AI adoption, right? And then low AI adoption, no change basically. Now, if you go to the right side, if we're talking about entry-level, 12% average increase. If we go with the narrative that AI is going to take jobs away, then who's going to pay for all this stuff?
