A New Study Says AI Could Trigger Economic Collapse by 2028. Here's Why Experts Are Worried.
Researchers warn that AI-driven layoffs could set off a chain reaction: more unemployment, less spending, and full-blown social upheaval within two years.
A new thought experiment from researchers is painting a terrifying picture of what happens if AI replaces jobs faster than society can adapt. And the timeline they are warning about is not decades away. It is 2028.
The scenario goes like this: as AI gets better at doing white-collar work (writing reports, analyzing data, handling customer service), companies start cutting jobs to save money. Those laid-off workers spend less money. Businesses that depend on consumer spending start struggling. More layoffs follow. The cycle feeds on itself.
The researchers call it an "intelligence crisis," where the very thing that makes economies productive (human workers spending their paychecks) gets undermined by the technology that was supposed to make everything more efficient.
Now, to be clear, this is a thought experiment, not a prediction. But what is making people take it seriously is how fast AI capabilities are actually advancing. Just this week, The Economist published a video arguing that AI will not actually wipe out white-collar jobs. That video racked up over 130,000 views on YouTube in just a few days, showing how much anxiety is out there.
Whether you think AI is going to create more jobs than it destroys or the other way around, one thing is clear: the conversation about what happens to workers is no longer theoretical. It is happening right now.
As reported by Euronews.
Source: Euronews
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