""This automation wave will kick millions of white-collar workers to the curb in the next 12-18 months," Yang wrote. "As one company starts to streamline, all of their competitors will follow suit. It will become a competition because the stock market will reward you if you cut headcount and punish you if you don't. As one investor put it, 'sell anything that consists of people sitting at a desk looking at a computer.'""
"Right now, there are around 70 million office workers in the United States, but "expect that number to be reduced substantially, by 20-50 percent in the next several years," the entrepreneur warned. Yang went so far as to urge anyone in mid-career management, particularly those who own homes in the affluent burbs of Silicon Valley or Westchester County, New York to put there house up for sale now, to avoid the mad scramble once the labor apocalypse hits."
AI-driven automation will displace millions of white-collar office workers within the next 12–18 months, driven by competitive pressures and investor incentives to cut headcount. Mid-career office professionals are likely to be among the first affected. The current U.S. office workforce of roughly 70 million could shrink substantially, potentially by 20–50 percent over several years. Homeowners in affluent suburbs are advised to sell ahead of an expected housing scramble. Personal bankruptcies are forecast to surge as displaced workers struggle to maintain lifestyles. Downstream service workers such as drycleaners, hair stylists, and dog walkers will also face consequences. The great disemboweling will likewise impact recent college grads.
Read at Futurism
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