[kingcharles]

As someone who worked in transcription last year I would say the biggest reason for transcription job losses in the West is competition from India where English speakers are willing to do transcription for a fraction of the cost.

Fully automatic transcription by AI is a very, very hard problem, based on my experience of many of the jobs I got*. The automatic transcription makes the work 10X easier now though by applying a first pass that gets you 90% of the way and then humans like me come in and fix it all up.

* One hard example was a motorcross race commentary where it was necessary to know which riders the commentators were referring to based on their amusing and sarcastic comments, the nicknames of the riders, and deal with the fact the audio was 99% revving engines.