Economist warns new tech could make wide range of high-skilled jobs 'obsolete'

Kara Frederick, tech director at the Heritage Foundation, discusses the need for regulations on artificial intelligence as lawmakers and tech titans discuss the potential risks. A Nobel Prize-winning economist is sounding the alarm about the future of science, technology, engineering and mathematics (STEM) careers amid the rapid development of artificial intelligence, arguing that many of the currently in-demand jobs could soon be obsolete. "The skills that are needed now -- to collect the data, collate it, develop it and use it to develop the next phase of AI, or more to the point, make AI more applicable for jobs -- will make the skills that are needed now obsolete because it will be doing the job," said Christopher Pissarides, a professor of economics at the London School of Economics, in a recent interview, according to a report from Time. "Despite the fact that you see growth, they're still not as numerous as might be required to have jobs for all those graduates coming out with STEM because that's what they want to do." The comments come as 2023 became a breakthrough year for AI technology, which has rapidly developed and gained increased mainstream applications.