ChatGPT And Generative AI Threat To Social Security? Find Out

The launch of OpenAI's ChatGPT brings generative artificial intelligence (AI) to the fore like never before.

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Generative AI systems can generate text, images, audio and video that can do better than humans in some cases.

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Social Security is primarily funded through payroll taxes that employeees and employers pay.

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Social Security job seekers are counting on new entrants to the labor pool. So without enough jobs, payroll taxes won't generate as much revenue.

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According to a report, 300 million full-time jobs worldwide could be replaced by generative AI.

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So two-thirds of all US jobs could be at least partially automated by AI, with between 25% and 50% of tasks being automated now.

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This can increase unemployment as machines start replacing human workers in various industries very soon.

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In such a situation, the big question is, will there be enough new jobs to compensate for the job losses?

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Generative AI technology like ChatGPT is going to be the biggest threat to social security.

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