Dec 7, 2019

Financial industry fears AI could decimate high-paying positions

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An unsettling future for millions of American jobs

Illustration: Aïda Amer/Axios

The U.S. economy is besting expectations for job growth, and the unemployment rate is at its lowest in several decades — but the other side of the story is that millions of jobs out there just aren't good enough.

Why it matters: Almost half of all American workers are stuck in low-wage jobs that often don't pay enough to support their lives, lack benefits and sit squarely inside the automation bullseye.

A tug-of-war over biased AI

Illustration: Eniola Odetunde/Axios

The idea that AI can replicate or amplify human prejudice, once argued mostly at the field's fringes, has been thoroughly absorbed into its mainstream: Every major tech company now makes the necessary noise about "AI ethics."

Yes, but: A critical split divides AI reformers. On one side are the bias-fixers, who believe the systems can be purged of prejudice with a bit more math. (Big Tech is largely in this camp.) On the other side are the bias-blockers, who argue that AI has no place at all in some high-stakes decisions.

Go deeperArrowDec 14, 2019

U.S. companies are forcing workers to train their own foreign replacements

Illustration: Sarah Grillo/Axios

Opponents of job outsourcing are making a holiday-season appeal to President Trump: Stop U.S. companies from forcing American workers to train the very same cheaper foreign laborers who will soon replace them.

Why it matters: Trump promised voters he'd end abuses of worker visa programs and save U.S. jobs — but as he campaigns for re-election, advocates say he hasn't done enough.