Young men aged 20 to 24 have faced higher unemployment rates since the thick of the COVID-19 pandemic as Gen Z women funnel into AI-proof jobs like healthcare.
the reason is because a strong demand for human labor drives wages up.
the free labor market is regulated by supply and demand, i.e. a high demand for human workforce leads to higher prices for that labor (a.k.a wages)
now, if AI takes the jobs, the overall demand for human labor diminishes, and that’s gonna lower the wages even for those jobs who are themselves not affected by AI.
with low wages, people would have to organize and demand Universal Basic Income, but since people in america historically find it difficult to organize and demand something, lots of people are worried that UBI either won’t come or will be too little to live well off it.
the reason is because a strong demand for human labor drives wages up.
the free labor market is regulated by supply and demand, i.e. a high demand for human workforce leads to higher prices for that labor (a.k.a wages)
now, if AI takes the jobs, the overall demand for human labor diminishes, and that’s gonna lower the wages even for those jobs who are themselves not affected by AI.
with low wages, people would have to organize and demand Universal Basic Income, but since people in america historically find it difficult to organize and demand something, lots of people are worried that UBI either won’t come or will be too little to live well off it.