How AI could roil the next economic crisis

[T]he widespread use of AI could turn an ordinary downturn into a deep and prolonged economic crisis by causing large-scale disruptions in labor markets, in financial markets, and in supply chains,

In the next downturn, AI is likely to threaten a wider range of jobs than in past cycles, including higher-skilled cognitive jobs. The result could be unprecedented job losses, with long-term displaced workers.

[T]hey might quickly and simultaneously become overly conservative and re

Read at Axios