Eric Siu argues AI creates jobs rather than destroying them. Companies with high AI adoption saw 10.2% average headcount increases and 12% growth in entry-level roles. He uses radiology, ATMs, and spreadsheets as examples of technology that eliminated tasks but expanded employment overall.
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?
