Social Europe
AI adoption is progressing rapidly, and the risk of job displacement is swiftly becoming a reality. Historically, all forms of technological innovation have been associated with an “augmentation effect” – the idea that technology enhances worker productivity and creates new roles, often offsetting job losses through increased demand and rising incomes. However, as has been repeatedly observed, this process is neither immediate nor painless and may, in fact, be shifting in this new era of AI adoption.