How legitimate are workers' fears of being replaced by AI?

Recent restructurings fueled by AI and tech sector layoffs are raising alarm bells for workers. But are these decisions actually affirming laborers' long-held beliefs of replacement via automation? AI Now Institute Co-Founder and Chief Advisor Meredith Whittaker notes that similar assumptions on AI "have been rolled back" in the past.

"We need a grain of skepticism here, and I think we need to look at the role that AI plays in providing a pretext for cutting jobs," Whittaker, also the president of the Signal Foundation, tells Yahoo Finance, citing Hollywood writers' protests against studios' adoption of AI programs.

Follow along with Yahoo Finance's AI Revolution special coverage this week, or you can watch this full episode of Yahoo Finance Live here.

Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

SEANA SMITH: And SAP is the latest tech company to announce a workforce change. The German software giant is restructuring 8,000 jobs as it prioritizes artificial intelligence.

BRAD SMITH: Restructuring and layoffs in the tech sector has sparked fears that investment in AI could start to push out human workers. So how much of this concern is warranted, is the big question. We've got Meredith Whittaker, who is the AI Now Institute Co-Founder and Chief Advisor and President of Signal Foundation.

Meredith, great to have you here with us. You know, as we think about where we're really going to see a delta as a result of AI replacing human workforce, what is the early expectation now? Where is that even perhaps starting to show up in real numbers?

MEREDITH WHITTAKER: Well, great to be here. And I think we need to back up a little bit and recognize that AI isn't going to autonomously replace people's jobs as a product of scientific innovation. That we've seen layoffs in tech before, we've actually seen wage fixing collusion in tech before, which they got caught for-- and there has been a desire to reduce workforces that predates this current moment of AI hype. So we need a grain of skepticism here.

And I think we need to look at the role that AI plays in providing a pretext for cutting jobs. I would look to the Writers Guild of America and the struggle that played out there over the potential of the Hollywood studios introducing AI technologies in ways that the writers, I believe rightly feared, would undermine their livelihoods, would enable paying them less for work that was nonetheless skilled and nonetheless necessary, but was now categorized as less valuable than it was before the introduction of AI.