Artificial Intelligence will be taking over Millennial jobs in the decades to come, according to a new study conducted and released by Gallup. The study found:
- 37% of Millennials—almost 4 in 10—are likely to be replaced by AI.
- In comparison, only 32% of Baby Boomers and Generation X are at high risk of their jobs being affected by a technological replacement.
Jason Dorsey, president and co-founder of The Center for Generational Kinetics, explains why this phenomenon is happening:
It has to do with Millennials’ ages, he tells Forbes. It’s estimated that most Millennials have 40 to 50 years remaining in the workforce. And since many don’t have plans to retire, they’ll be spending more time working. These additional years on the job leave Millennials much more vulnerable to AI advances in the workplace.
- It’s not just the entry-level jobs that are at risk, says Jason Dorsey. In a keen insight, Dorsey shares that individuals that hold repetitive white-collar jobs risk being displaced by AI as well. Some examples include financial services and accounting, which entail the kind of repetitive task that AI will be able to perform with ease—and without sick days—as advances in machine learning continue to take place.
- As a result, Millennials run the highest risk of being replaced by AI at work. While Millennials make up a large percentage of many workplaces, size alone does not guarantee any kind of stability in the future., Jason Dorsey notes one of the key ironies around AI: many Millennials hold senior leadership roles in the very companies that are developing the AI that will make their own generation need to get a new job! “So if you can’t be the software,” he advises, “you might as well be part owner.”
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