Are businesses ready to adapt to a workforce revolution with AI?
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In the video, they talked about how the tough job market right now is mostly due to the supply side, such as baby boomers retiring and some migration challenges. So, with companies pouring money into AI, how much do you think it's going to shake things up when it comes to jobs and whether businesses can expand without bringing on more hires?
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Right now, the job market is pretty rough. A major reason for this is that many baby boomers are retiring, and there are hurdles related to migration, which have led to a skills gap. On the bright side, investing in AI can really help businesses operate more efficiently by handling simple tasks and creating new, more complex job roles. However, there is also concern about people losing their jobs due to this technology. The crucial thing for companies is to use AI wisely and to focus on retraining their employees to ensure everyone navigates this change smoothly.