When automobiles replaced the horse and buggy in the early twentieth century, entire industries disappeared—blacksmiths, horse stables, whip makers and carriage manufacturers. You couldn’t give away horses. Still, newer jobs in the automotive industry replaced these careers, contributing to the strengthening of the middle class.

Unlike then, the rise of AI in the early twenty-first century is eliminating jobs without creating sufficient new ones. In 2025, the transformation of the labor market by AI is unfolding while most of the population remains unaware or unprepared.

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