"I believe that millions of white-collar workers are going to lose their jobs in the next 12 to 18 months due to AI. AI is now able to do the work of a very, very smart human in minutes or even seconds. This is going to displace marketers, coders, designers, lawyers, accountants, call center workers-you name it."
"When people lose their jobs, it affects dry cleaners, dog walkers, hairstylists, restaurants-all local businesses that see less people who are able to spend. Personal bankruptcies are going to surge. The end result will be a more extreme winner-take-all economy, where the path to social mobility and middle-class status is broken."
"The AI job apocalypse is real. It's underway right now."
Andrew Yang warns that AI will displace millions of white-collar workers including marketers, coders, designers, lawyers, and accountants within 12-18 months. This disruption extends beyond office workers to affect local service businesses like dry cleaners, restaurants, and salons as unemployed workers reduce spending. The resulting economic contraction threatens to increase personal bankruptcies and exacerbate wealth inequality, breaking the path to middle-class status. Yang, supported by business leaders including Anthropic CEO Dario Amodei and Ford CEO Jim Farley, advocates for universal basic income as mitigation. He has consistently warned about automation's economic consequences since his 2020 presidential campaign, proposing $1,000 monthly payments for all Americans over 18.
#ai-job-displacement #white-collar-workers #economic-disruption #universal-basic-income #automation-crisis
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