More Than 200 Economists Warn AI Could Displace Jobs Within 10 Years

3 articles · Updated · Business Insider · Jul 13

More than 200 economists, executives and researchers signed an 88-word letter saying AI could trigger large-scale job displacement if policymakers fail to build guardrails.
The statement, titled "We Must Act Now," argues AI may become radically more powerful over the next 10 years, transforming the economy faster than past technological shifts.
Eric Schmidt, Reid Hoffman, Joseph Stiglitz, Daron Acemoglu and Simon Johnson were among the signatories, alongside Google AI lead Jeff Dean, Anthropic cofounder Jack Clark and OpenAI finance chief Sarah Friar.
The letter says the upside could include major gains in living standards, but urges economists, policymakers and technology leaders to create incentives, institutions and rules that steer AI to complement human workers.

Sources

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Business Insider31m ago

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The New York Times2h ago

Economists and Nobel Laureates Warn Policymakers of Rapid A.I. Economic Transformation Risks

digitaleconomy.stanford.edu2h ago

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AI and the Labor Market in 2026: Disruption, Inequality, and the Urgent Need for Workforce Adaptation

Overview

By 2026, artificial intelligence has moved from theory to reality, rapidly disrupting the labor market. While some workers benefit from building AI infrastructure, many whose jobs are easily automated are falling behind. The tech industry, in particular, has seen record layoffs, with AI often cited as the main cause. This shift highlights a race between job loss and the creation of new roles, forcing companies and workers to adapt quickly. The immediate impact is clear: AI is reshaping who benefits and who is at risk, making adaptation and monitoring more important than ever.

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