'Say goodbye to 9-to-5 jobs': LinkedIn co-founder latest prediction on AI

LinkedIn co-founder Reid Hoffman forecasts a seismic shift in the workforce landscape, driven by the relentless advance of artificial intelligence

LinkedIn Founder
LinkedIn co-founder Reid Hoffman has predicted that the conventional 9-to-5 job will be obsolete by 2034. (Photo: X@nealtaparia)
Prateek Shukla New Delhi
2 min read Last Updated : Jul 26 2024 | 5:05 PM IST

Don't want to miss the best from Business Standard?

Picture this: It’s 2034, and the traditional 9-to-5 job is a relic of the past, much like dial-up internet or the fax machine. According to LinkedIn co-founder Reid Hoffman, this is not a futuristic fantasy but an imminent reality. Hoffman has predicted that the conventional 9-to-5 job will be obsolete by 2034.

In a viral video clip, Hoffman forecasts a paradigm shift in the workforce landscape, driven by the relentless advance of artificial intelligence (AI). He suggests that the gig economy will burgeon, fundamentally altering how people work. Unlike traditional employment, workers will juggle multiple contracts across various sectors simultaneously, embracing roles in a more flexible, albeit less secure, manner.

This shift heralds both challenges and opportunities, he added. On one hand, the erosion of job security is a concern; on the other, the promise of greater flexibility and a plethora of options could redefine job satisfaction. Hoffman’s predictions are based on the growing trend of gig work, propelled by technological advancements and the pervasive influence of social media.

Talking about the impact of AI on the hospitality sector in particular, Hoffman said, “AI is already being integrated into restaurants and hospitality and will continue to be. However, the experience of sharing a meal together, which is fundamentally human and significant, will remain central.”


Neal Taparia, an entrepreneur and angel investor, shared Hoffman’s video on X (formerly Twitter). He wrote, “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 also noted the astonishing pace of AI’s growth, describing it as both incredible and unsettling. “Within a few days of ChatGPT hitting the market, millions of jobs across the world became irrelevant, and several companies started training their employees to work with AI technologies,” he added.

Looking ahead, Taparia predicted that freelancers could eventually out-earn permanent employees and that traditional resumes might become obsolete.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Artificial intelligenceLinkedInindia jobsworkforcegig economyhospitalityfreelance workSocial Media

First Published: Jul 26 2024 | 5:04 PM IST

Next Story