There has been several job cuts in recent time that has had AI mentions when the reasons for the downsizing is mentioned.
The rise of artificial intelligence means that several jobs, particularly entry-level or non-judgement-based jobs will be lost.
AI systems can currently replace and outperform humans in numerous tasks within the aforementioned segment and for a lower cost.
This efficiency is the catalyst behind widespread job cuts.
At the end of the day, companies seek to increase their margins and what's the easiest way to do that besides cutting spending?
Clearly, it's not a personal attack on human workers, it's just a move towards greater profitability and more economic output.
Notwithstanding, the unfortunate effects of this moves is that people are out of a source of income and risk falling behind on so many responsibilities.
Crypto and Web3
I genuinely feel like new markets can be formed around crypto and web3 that creates income earning opportunities.
Being an ecosystem fundamentally designed to prioritize value generation, it's the most likely to create new value streams that empowers people in the age of AI.
Of course, some of these empowerment will include capital injection but other times, it will mostly be cases of trading skill or expertise for income.
Think about all that's happened over recent years.
We had blockchain games (a Little bit of capital demands here but also significant skill demands).
Then we had Telegram's tap-to-earn, then we had a blow up of several creator/user participation-centric events that generated real value for those who got involved.
Airdrop based income, tasks completion income, creator income, all of these crypto and web3 solutions will be one to revisit and build on as more job cuts push people to seek alternative paths to income generation.
I think that ultimately, everyone will become a creator to some degree, but in the bigger picture, income generation will involve or require active fair participations or contributions from people.
Future economies will be built on the fundamental design of blockchain networks. Offer value, get value. Do the opposite, lose value.
The next incentive layer is on-chain.