This podcast excerpt discusses the significant risks posed by AI and automation to knowledge-based jobs. It highlights how AI's increasing capabilities in cognitive tasks are leading to job redundancy and skill obsolescence across various professions, from accounting to healthcare. The excerpt details the resulting economic risks (wage stagnation) and social/psychological impacts (job insecurity and inequality), emphasizing the need for risk mitigation strategies such as continuous learning, reskilling programs, and job redesign focusing on human-AI collaboration. Ultimately, the we advocate for proactive adaptation by businesses, governments, and individuals to navigate this evolving job market and ensure a competitive future workforce.