In late May, Anthropic CEO Dario Amodei expressed his concerns about the likely elimination of half the entry-level jobs within few years due to artificial intelligence. A fact that could push U.S. unemployment to 20%, resulting in a devastating economy. His views are supported by other business leaders, predicting significant job losses resulting from AI developments. The devastating employment forecast have resulted in a confrontational dialogue among corporate executives.
Before Amodei’s comments, JPMorgan’s consumer banking chief, Marianne Lake, projected a 10% workforce decrease because of AI. Since then, those types of cautionary statements have grown far more severe. Amazon’s Andy Jassy warned workers to prepare for a severely downsized workforce due to the major AI technological shift happening. ThredUp’s CEO noted that AI might remove far more jobs than anticipated, while Ford’s Jim Farley boldly claimed AI could “literally replace half of all white-collar workers in the U.S.” This marks a dramatic change from earlier optimistic remarks from business leaders, regarding minor job losses and economic repercussions.
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