While the WSJ headline suggests tech job losses are unlikely to cause an apocalypse, this article discusses a recent Citrini Research report that has caused market jitters by predicting a mass unemployment scenario driven by AI by 2028.
The report suggests that AI-driven productivity advances could displace a significant portion of the workforce, potentially forcing white-collar workers into the gig economy or blue-collar jobs, thus pressuring the entire labor market. This prediction aligns with warnings from AI industry leaders like Sam Altman and Dario Amodei.
However, economists have criticized the Citrini report as far-fetched, with some arguing that blue-collar workers might even benefit from increased demand and relative wage gains. The article also notes that while AI was cited in over 54,000 layoffs last year, some of these might be 'AI washing,' where financial reasons are masked by the tech's capabilities.
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