AI'S REAL THREAT MAY BE COGNITIVE, NOT JOBS

Tom Slater, manager of Scottish Mortgage Investment Trust at Baillie Gifford, published a paper titled "AI Isn't Coming for Your Job. It's Coming for Your Mind," challenging conventional narratives about AI's labor market impact. The core argument centers on a counterintuitive risk: economies could appear more productive while losing critical human capacities. Outsourcing cognitive tasks to AI systems may reduce the opportunities workers have to develop judgment and expertise. Slater contends that this cognitive atrophy could undermine long-term innovation and progress, even as efficiency metrics improve in the short term. The concern extends beyond individual workers to institutional knowledge and decision-making capabilities. The implications for workforce development and investment strategy are substantial. Rather than focusing solely on job retraining programs, stakeholders may need to consider how to preserve human cognitive engagement as automation accelerates. The discussion raises fundamental questions about productivity measures and what constitutes genuine economic progress.