7
/10 Severity
AI Revolution and Job Displacement
technological shift
Jan 2023
Ongoing
GDP Impact
-0.5%
Countries Affected
100
Duration
35.874942148952+ months
Recovery
- months
Description
Rapid AI advancement leading to significant job displacement in knowledge work, customer service, and creative industries. ChatGPT and generative AI disrupting traditional employment.
Causes
ChatGPT launch, generative AI advancement, corporate cost-cutting, automation acceleration.
Consequences
Mass layoffs in tech sector (300K+ in 2023), white-collar job displacement, widening inequality, productivity gains for adopters.
Quick Facts
- Event Type
- technological shift
- Start Date
- Jan 01, 2023
- Peak Year
- 2023