Stock Market Direction (Part 3)

Good speculation, but in my opinion, a bit over the top, at least here in Finland.

Yeah, in theory, AI could handle orders in a bookstore, for example, and a robot could even pack them, and the logistics chain could probably be streamlined too.

But what about in practice, when we’re talking about, say, the manufacturing industry? You don’t just suddenly teach AI about assembly—which part of a piece needs to be protected during sandblasting, whether it’s better to machine or weld first in a given case, and who plans the production? Is the AI going to coax a painter into staying for overtime again, since those large, variable parts aren’t being painted by any robot even today.

We also have food delivery robots, and the grocery stores aren’t empty yet. There are chatbots, yet people still want a human when problems arise because the bot can’t apply any context. Banks use automated decision-making for small loans, but apparently, the risk is too high since you don’t get a mortgage just by pressing a button.

Of course, working life changes and evolves, but I doubt the change is as fast in every field as people fantasize. In negotiations, people want to negotiate with humans, and quality has to be monitored by a human. Innovation also requires a human.

Related to the topic, I also asked the paid version of ChatGPT: Not a bad reflection.

AI’s impact on employment over the next 10 years is not binary (“increase” or “not increase”), but a macroeconomic balance between three forces:

automation vs. productivity growth vs. the emergence of new industries

Structural analysis below.

  1. Mechanism: how AI can increase unemployment

This happens if automation progresses faster than the economy can create new jobs.

High-risk job categories

Especially tasks involving:

repetitiveness

rule-based nature

text processing

standardized decisions

Examples:

customer service

entry-level analysis

translation work

administrative documentation

:right_arrow: In these, AI can replace 30–70% of tasks without significant investment.

  1. Mechanism: how AI reduces unemployment

Historically, technologies have eventually increased employment because they:

lower production costs

increase demand

give birth to new industries

Historical examples:

electricity

the internet

industrial automation

All were feared → all created more jobs in the long run.

  1. Most likely scenario over a 10-year timeframe

Macroeconomic realism:

Period Impact
0–3 years local job loss
3–7 years structural change
7–10 years balance

:right_arrow: Meaning, in the short term, unemployment may rise in some sectors.

  1. Where unemployment is most likely to grow

Most likely sectors:

routine office work

basic analytics

bulk-level content production

junior-level roles

Important note:

AI replaces tasks, not entire professions

  1. Where employment grows

AI increases demand especially in:

technical design

monitoring and quality assurance

decision-making

creative work

physical jobs that cannot be automated

  1. The biggest risk is not unemployment, but this

Researchers consider the most likely impact to be:

growth in income inequality

Reasons:

productivity for high-skilled labor increases significantly

low-skilled work does not scale

  1. Economic consensus forecast

Summary of most labor market models:

on a global scale within 10 years

unemployment is unlikely to rise permanently

but the labor market will change drastically

Final analysis

Most likely realistic scenario:

AI increases temporary unemployment in some sectors, but does not lead to permanent mass unemployment globally over a 10-year period.

The biggest change is not the number of jobs but:

work structure

required skills

wage distribution

:white_check_mark: Condensed answer:

AI is unlikely to permanently increase global unemployment within 10 years — but it will change the labor market more significantly than any technology since the internet.

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