Back in 2023, when LLMs and GenAI was still in its infancy, I argued that GenAI will be a tool for those in the job market and change the workflow of the way we spend our careers. In the time since I wrote that piece, not much has changed and I still stand behind the rationale.

It is essential to clarify that LLMs, including GPT-4, are not true AI. Despite their impressive capabilities, they lack true understanding, consciousness, and self-awareness. LLMs rely on pattern recognition and statistical processing rather than genuine cognitive reasoning. They do not possess subjective experiences or emotions. They are tools designed to process and generate text based on patterns learned from vast amounts of data. Therefore, LLMs cannot fully replicate the complexities of human intelligence, nor replace the multifaceted skills that humans bring to the workforce.

The core to my argument is the lack of reasoning and thinking. To this day, I do not “like” those terms and believe we should choose better words to describe the tokenization aspects of it all.

Recently, The Economist published a piece entitled, “Why AI hasn’t taken your job”. It takes the argument that AI has changed the nature of some careers such as those in translation (See Duolingo) and learning, but postulates that upskilled careers such as interpretation of language learning has increased. Upskilling and upshifting of productivity are still key to future successes in sectors such as this.

Klarna is also given as an example where a choice is given between GenAI based customer service or a human:

“There will always be a human if you want,” Sebastian Siemiatkowski, its boss, has recently said.

More importantly (nothing is definite with new technologies), given the massive technology layoffs with claims that AI is replacing work by CEO’s, the data tells a different story.

Across the board, American unemployment remains low, at 4.2%. Wage growth is still reasonably strong, which is difficult to square with the notion that AI is causing demand for labour to fall. Trends outside America point in a similar direction. Earnings growth in much of the rich world, including Britain, the euro area and Japan, is strong. In 2024 the employment rate of the OECD club of rich countries, describing the share of working-age people who are actually in a job, hit an all-time high.

The conclusions are the same – GenAI replaces redundancy and not people. As the technology matures, it may change if new unforeseen breakthroughs were to surface, but as of now it’s still best to teach yourself how to use these tools so that you aren’t replaced by an employee who is already familiarized with it.