There are 4 reasons why jobs are disappearing — but AI isn’t one of them

• AI isn’t the foe we’re making it out to be, at least according to HSBC’s new Future of Work report.
• Companies surveyed said the main reason for job losses are slower economic growth, the cost of living crisis, and the pandemic.
• Over 50% of firms surveyed believe that new technologies like AI will be job creators.

Despite fears that artificial intelligence is making humans redundant, a new report suggests that there are far greater threats to jobs than AI.

Slower economic growth, a rising cost of living, a supply chain crisis, and the COVID-19 pandemic are the main reasons leading to job losses, according to HSBC’s Future of Work report published on July 18 and seen by Insider. The report cites data from the World Economic Forum (WEF) published in May.