In 2024, the largest U.S. tech companies earned $268 billion from AI advancements, but hundreds of thousands of middle-class jobs were lost. AI is automating white-collar roles in law, finance, journalism, and education, undermining traditional career paths.
This shift reduces job stability, income predictability, and upward mobility for mid-skilled workers. Entry-level positions essential for skill-building are disappearing, limiting professional growth.
Wealth increasingly concentrates among AI company owners, while workers face unstable, low-paying jobs. Between 1979 and 2022, productivity grew 64.6%, but worker pay rose only 17.3%. The middle class’s shrinking share of wealth threatens social and economic stability in the U.S.
CHAPTERS:
0:15 Job Displacement
0:42 Middle-Class Jobs
1:10 Automation
1:35 White-Collar Jobs
2:05 Career Paths
2:50 Entry-Level Roles
3:20 Tech Layoffs
4:00 Professional Advancement
5:15 Job Stability
6:30 Labor Market
Produced by: Samantha Harvey
Edited by: Jacob Smith
Animation: Charlotte Brown
Additional Footage: Getty Images
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This shift reduces job stability, income predictability, and upward mobility for mid-skilled workers. Entry-level positions essential for skill-building are disappearing, limiting professional growth.
Wealth increasingly concentrates among AI company owners, while workers face unstable, low-paying jobs. Between 1979 and 2022, productivity grew 64.6%, but worker pay rose only 17.3%. The middle class’s shrinking share of wealth threatens social and economic stability in the U.S.
CHAPTERS:
0:15 Job Displacement
0:42 Middle-Class Jobs
1:10 Automation
1:35 White-Collar Jobs
2:05 Career Paths
2:50 Entry-Level Roles
3:20 Tech Layoffs
4:00 Professional Advancement
5:15 Job Stability
6:30 Labor Market
Produced by: Samantha Harvey
Edited by: Jacob Smith
Animation: Charlotte Brown
Additional Footage: Getty Images
» Subscribe to Economy Media: https://www.youtube.com/channel/UCc8q4B1bj-668LMHyNXnTxQ?sub_confirmation=1
Conect With Economy Media Everywhere
Follow Economy Media on Instagram: https://n9.cl/economymedia
#economymedia #tech #jobmarket #techjobs
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