Artificial intelligence is just beginning to make its impact felt—on the world of work and beyond. Predictions vary about how many jobs A.I. will wipe out-and how many it will create, but it’s a bigger story than a reshaping of the labor market. Research from Goldman Sachs estimates that 25% of all tasks in the workplace today could be automated in the U.S., but what if it makes the four-day workweek possible, or even revives the labor movement? We are talking about societal change here, and the ESG team at investment bank Jefferies, which specializes in societal transformation through business, looked into its crystal ball and came up with three big calls about the widespread adoption of the new tech.
The note, written by Jefferies’ ESG strategists, led by global department head Aniket Shah, states that A.I. is inescapable but it’s optimistic that it could improve outcomes at the workplace—or it could become overwhelming because of how quickly it replaces humans in some sectors or hijacks important discussions on climate change.
