In this latest article in Fast company, Zoi Capital Managing Director, Ron Razmi, MD, writes about the international dialogue on the potential impact of AI on the nature of employment and jobs in the future. In this piece, he examines the impact of previous technological breakthroughs and how they impacted employment and wages and whether those lessons are relevant for the ongoing AI revolution. There was a time when over 90% of the US population worked in agriculture. Most of those jobs were automated and today less than one percent of our population works in farming. Technological advancements have created millions more jobs that they rendered obsolete as new industries and jobs are created.
From the Article:
“Another key theme is that many industries are facing a significant shortage of human resources. Take my industry: health care. We’re facing a historic shortage of doctors, nurses, radiology techs, and more. This means longer wait times to receive care and lower quality of care. The administrative burden of care delivery is crushing medical offices. An alarming percentage of medical professionals even indicate that they plan to leave their jobs because of burnout.
As I write in my recent book, AI Doctor: The Rise of Artificial Intelligence in Healthcare, AI will be a necessity and not a luxury in health care moving forward. With an aging population and increasing demand for health care, I believe the only possible solution to maintain a functioning health care system is technology.”
