The typical pattern is called “deskilling”. It doesn’t usually mean a skilled profession will disappear overnight. Instead, the job might be done by less expensive folks like paralegals.
An example is in the banking industry, where making a loan used to require deep analysis of a person’s credit worthiness. Now they use an algorithm (credit scores) which means someone with less experience can do it.
If law follows the same pattern, a job done by someone making $500/hour might be done by someone making $50/hour.
An example is in the banking industry, where making a loan used to require deep analysis of a person’s credit worthiness. Now they use an algorithm (credit scores) which means someone with less experience can do it.
If law follows the same pattern, a job done by someone making $500/hour might be done by someone making $50/hour.