AI impact? LinkedIn co-founder predicts demise of 9-to-5 jobs & rise of contractual work by 2034

The world is evolving rapidly, turning what once seemed impossible into today’s reality. Who could have imagined that Artificial Intelligence would become such a crucial aspect of our work lives? And what if 9-to-5 jobs were to become obsolete in the near future? It might sound surprising, but LinkedIn co-founder Reid Hoffman believes it could happen sooner than we expect!

Hoffman is going viral on the internet for his recent interview in which he shared that since AI has been strongly disrupting today's workforce, it will soon eliminate traditional job arrangements and they will no longer exist by 2034.

Hoffman believes that the workforce will engage in gig economy in the future

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He believes that future workers might not have traditional employment but instead engage in the gig economy. This would involve working with various companies across different sectors on a contract basis. While this approach offers greater flexibility and a wider range of opportunities, it could also result in less job security compared to conventional positions.

"You may not only work at multiple companies in your career, you may work across different industries with constantly evolving paths. This shift may see you working for the gig economy or juggling multiple gigs," Hoffman said.

He further added, "These changes will drive productivity and open new opportunities, but they will also introduce uncertainties that contrast with the stability many people value."

Also Read:?After Microsoft & Meta, Elon Musk Targets LinkedIn And Calls It ‘Cringe’, Internet Reacts

Hoffman is pretty accurate with his predictions as pointed out by an X user

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Neal Taparia, an entrepreneur and angel investor, highlighted Mr. Hoffman's video, noting his impressive track record of accurate predictions.

In his post, Taparia also pointed out that Mr. Hoffman had anticipated the rise of social media, the sharing economy, and AI as early as 1997, well before ChatGPT's emergence. He remarked on the astonishing and somewhat unsettling pace of AI's growth. Within days of ChatGPT's release, millions of jobs worldwide became obsolete, and numerous companies began retraining their employees to work with AI technologies.

?"Hoffman's past predictions are spooky: Predicted social networks would change the world (LinkedIn sold for $26B),Saw the sharing economy coming (early Airbnb investor), called the AI revolution years before ChatGPT," Taparia wrote on X along with the video.

Reid Hoffman’s take on AI

Hoffman also addressed the integration of artificial intelligence into various sectors, including restaurants and hospitality. While AI is anticipated to become increasingly common, he emphasized that essential human experiences—like sharing a meal with others—will continue to be central.

He wrote on X, "AI already is, and will continue to be, incorporated in restaurants and hospitality. But the experience of breaking bread together—the most human, important element—will remain front and center."