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I think AI will do both, but the net effect will be the creation of more new jobs. While some roles, particularly those with repetitive tasks, may be automated, AI will also create entirely new industries and jobs focused on AI development, maintenance, and ethical oversight. Think of how the internet or personal computers eliminated some jobs but created a massive number of new ones.
AI will definitely cut some jobs, but also open many new ones just like the internet did. The challenge is how quickly people can adapt.
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