Summary:
- This article discusses how large companies are using artificial intelligence (AI) to automate and eliminate many white-collar jobs, such as accounting, legal work, and customer service.
- As more jobs are taken over by AI, real incomes and employment rates are expected to decline, which could lead to a breakdown of the social contract between employers and employees.
- The article suggests that as the job market becomes more unstable, there may be a need for new social policies and programs to support workers who lose their jobs to automation.