Business · Economy · 7 hrs ago

Sascha Lobo warns Germany could lose jobs if it falls behind on AI

Sascha Lobo warns Germany could lose jobs if it falls behind on AI

Sascha Lobo warned that Germany could face serious job losses if it fails to make effective use of artificial intelligence.

Speaking on Paul Ronzheimer’s podcast, he said unemployment reaching 30% was a possibility, not a certainty.

Lobo said the risk grows as Germany uses less AI, but he does not expect a widespread wave of unemployment.

Instead, he thinks there may be fewer highly paid workers and more people in lower-paid jobs.

He blamed barriers including bureaucracy, cautious investment and difficulty keeping talented researchers and helping them start businesses.

Lobo also pointed to China, where he said AI has been a required high-school subject since 2018, as a contrast with Germany’s debate over children’s smartphone use.

How Germany adopts AI could shape jobs and pay, but Lobo did not set out a specific next step.

2 sources

Related

What people are saying

Sascha LoboDigital expert
I believe we are doomed in Germany to make the great AI transformation happen, (...) because I—and I think many others too—do not want to see this country with 30 percent unemployment.
via BILD
This possibility becomes more likely the less we use AI sensibly here in the country.
via BILD
When it comes to investment, Germany is the world’s shallow end.
via BILD
We have put quite a lot of obstacles in the way of young companies, and deliberately.
via BILD