Morgan Stanley Economist Warns: AI Will Replace 45% of White-Collar Knowledge Workers in US, Causing High Unemployment Rate

Groron News August 13 | According to Commercial Insider, Morgan Stanley economist Murat Tasci warns that AI will replace a large number of white-collar knowledge workers - namely, office workers engaged in "non-routine cognitive professions". Considering that white-collar knowledge workers account for approximately 45% of all families' employment in the US, this transformation may pose a massive risk to the overall economy, potentially leading to economic recovery without corresponding job increases, and high unemployment rates.

Morgan Stanley analysis suggests that in recent years, "non-routine cognitive" workers have already surpassed regular workers in terms of unemployment rates. Tasci points out that the impact of AI on the job market has yet to significantly affect employment data. The overall US unemployment rate remains near historic lows, approximately 4.2% in July. However, they believe the pressure on white-collar knowledge workers may accumulate over time.