Automation is revolutionizing industries, but how far should it go? Klarna, a major fintech player, took a radical step—replacing employees with AI and halting new hires. From data processing to customer service, algorithms now run the show. But what are the long-term consequences if more companies follow suit?

📌 Holiverse Believes Cutting Junior Roles Leads to a Workforce Crisis
Klarna’s CEO, Sebastian Siemiatkowski, argues that if AI can handle repetitive tasks more efficiently, there’s no need to employ humans for those roles. However, industry leaders like Holiverse founder Lado Okhotnikov see a hidden danger: eliminating junior positions dismantles the traditional career ladder. Without entry-level professionals, who will grow into future experts and executives?

📌 AI as a Tool, Not a Replacement: Holiverse’s Approach
Holiverse takes a different route—using AI as a support system rather than a workforce substitute. The company’s innovative metaverse project integrates digital avatars to help individuals test personalized health strategies.

Consider this: You want to adopt a new lifestyle but are unsure of the impact. Holiverse enables you to simulate potential outcomes using your biomarkers and DNA, offering insights into diet, fitness, and medical treatments. This groundbreaking approach merges AI with human expertise, advancing healthcare without pushing people out of the equation.

📌 The Economic Risks of Over-Automation
While some argue that eliminating basic jobs forces people to upskill, the transition isn’t always smooth. A sudden workforce shift could leave millions unemployed, reducing consumer spending and slowing economic growth. Ironically, even AI-driven businesses could suffer if fewer people can afford their services.

💡Read more here: https://techktimes.co.uk/the-paradox-of-progress/