AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says

AI Will Destroy Millions of White Collars Jobs in the Coming Months, Andrew Yang Warns, Driving Surge of Personal Bankruptcies

Andrew Yang — millionaire entrepreneur, noted Ivy leaguer, and one-time presidential hopeful — has a grim warning for his fellow salaried professionals: AI is about to wipe “millions” of office jobs over the coming months. In an essay published on his Substack and flagged by Business Insider, Yang explained what he calls the “great disemboweling of white-collar jobs” due to AI. “Do you sit at a desk and look at a computer much of the day?” he ch…

AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says

Federal Reserve Governor Michael S. Barr issued a stark warning on Tuesday regarding the potential trajectory of artificial intelligence, outlining a scenario where rapid technological advancement will create a “jobless boom” that leaves a significant portion of the population “essentially unemployable.” Speaking before the New York Association for Business Economics on Feb. 17, Barr discussed the profound uncertainty surrounding how generative …

Andrew Yang predicts millions of Americans could lose their jobs sooner than they think

Yang claims if one company cuts workers, it will turn into a competition which will be devastating.

Extended interview: Andrew Yang reflects on 2020 campaign and warns of looming AI consequences

Extended interview: Andrew Yang reflects on 2020 campaign and warns of looming AI consequences During the 2020 presidential race, Andrew Yang warned of the dangers of artificial intelligence long before it was on Washington, D.C.'s radar. He's out with a new book about his experience running for…

US Entrepreneur Highlights Potential Job Losses Due to AI in Coming Year

Andrew Yang, the former presidential candidate and entrepreneur, has expressed significant concern regarding the impact of artificial intelligence on employment in the upcoming year. In a recent article on his Substack, Yang suggested that millions of white-collar jobs may be at risk, particularly for professionals in coding, marketing, middle management, and call centers. He presented this impending shift as a quick and competitive process rath…