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   Who's afraid of the jobs apocalypse now?
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   Tech CEOs and economists have swapped scripts on whether AI is coming for your job
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              Tuesday, July 21, 2026
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               Tech CEOs and economists have swapped scripts on whether AI is coming for your job
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              Justin Sullivan/Getty Images
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               For the past year, the loudest warnings about AI destroying jobs came from the people building AI.
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              <br/>
             </div>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               Anthropic CEO
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="Dario Amodei predicted in May 2025" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               Dario Amodei predicted in May 2025
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               that AI could eliminate half of all entry-level white-collar jobs within five years and push unemployment as high as 20%. The same month, Mark Zuckerberg said AI could soon do the work of
              </span>
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               midlevel engineers
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               . In July, Ford's Jim Farley predicted the technology would replace "
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="literally half of all white-collar workers" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               literally half of all white-collar workers
              </a>
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               " in the U.S. Amazon told employees to expect a smaller corporate workforce, full stop.
              </span>
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              <br/>
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               Economists mostly rolled their eyes. The
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="evidence that AI" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               evidence that AI
              </a>
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               was actually behind layoffs was thin, they pointed out, and executives had every incentive to blame a shiny new technology for cuts they wanted to make anyway.
              </span>
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               Now the two camps have traded 
places.
              </span>
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                 <div>
                  <span style="background-color:#FFFFFF;font-size:9px;font-family:Arial,sans-serif;color:#535252">
                   Read all warnings before using GLP-ls. Side-effects may include a risk of thyroid c-cell 
tumors. Do not use GLP-1s if you or your family have a history of thyroid cancer. In certain situations, where clinically appropriate, a provider may prescribe compounded medication, which is prepared by a state-licensed sterile compounding pharmacy partner. Although compounded drugs are permitted to be prescribed under federal law, they are not FDA-approved and do not undergo FDA review for safety, effectiveness, or manufacturing quality.
                   <span class="ql-cursor">
                    
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           <tr class="trpad20">
            <td class="editor-cell-text td100" colspan="6" style="width:560px;padding:20px;font-family:Arial,Helvetica,sans-serif;color:#000000;font-size:16px;line-height:1.5;vertical-align:top;mso-line-height-rule:exactly" width="560">
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               Tech leaders have
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="spent the past few months" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               spent the past few months
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               walking their doomsaying back. Sam Altman now says the industry 
got its technological predictions roughly right and its economic ones wrong, and that the companies adopting AI fastest are also hiring the most. Last month, Amodei wrote that he was never trying to be a "
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="prophet of doom" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               prophet of doom
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               ," though he still sees 
lasting job loss as possible.
              </span>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
              </span>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               Zuckerberg, asked about AI-driven displacement a
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="few weeks after laying off 8,000 people" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               few weeks after laying off 8,000 
people
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               , said people treat it as inevitable and "
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="I don't actually think it is." data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               I don't actually think it is.
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               "
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               Economists, meanwhile,
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="have started ringing the alarm bells" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               have started ringing the alarm bells
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               the CEOs put down. More than 200 economists and researchers, including
16 Nobel laureates, signed a statement this month warning that AI could remake the economy faster and more broadly than the Industrial Revolution did. The signatories include MIT's Daron Acemoglu and Simon Johnson, two Nobel winners who greeted such warnings with public skepticism until recently.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;color:#000000;font-weight:bold">
              <span style="font-size:20px;background-color:#FFFFFF;color:#000000">
               The vibes are off
              </span>
             </h2>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               The data is starting to back the worriers up.
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="New payroll research" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               New payroll research
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               covering 4.6 million workers found that employment for 
22-to-25-year-olds in the jobs most exposed to AI is now shrinking by nearly 4% a year. Through at least April, white-collar payrolls had contracted for more than 30 months, which one former Glassdoor chief economist says hasn’t happened
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="outside a recession" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               outside a recession
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               .
              </span>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               
              </span>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               The shrinking payrolls aren't necessarily all AI's doing. Layoffs have plenty of causes, and unemployment overall has held steady. But the
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="public has soured on AI" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               public has soured on AI
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               , and the people selling it have noticed.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               Nearly two-thirds of Americans now believe AI will mean fewer jobs over the next two decades with only 5% thinking it will create more,
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="according to Stanford's AI Index" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               according to Stanford's AI Index
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               . Data centers have become the physical symbol of that resentment.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               A Gallup survey
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="found 71% of Americans oppose" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               found 71% of Americans oppose
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               one being built near them, a worse showing than nuclear power plants. Local opposition
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="delayed or blocked at least 75 U.S. data center projects" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               delayed or blocked at least 75 U.S. data center projects
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               worth $130 billion in the first quarter alone.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               The anger has an economic logic. AI's infrastructure
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="buildout is buying all the chips" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               buildout is buying all the chips
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               and pushing up the price of laptops, phones, and game consoles, even as wages stay flat. Electricity
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="rates are up across many places" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               rates are up across many places
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               where data centers set up shop. The mood tracks with what some economists have started
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="calling a boomcession" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               calling a boomcession
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               , an economy that has a lot of strong markers on paper, but with many Americans reporting feeling worse off than ever before.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="background-color:#FFFFFF;color:#000000">
               It’s also not just an American story.
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="Offshore hubs like India and the Philippines" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               Offshore hubs like India and the Philippines
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               are getting hit first as companies swap outsourced coding and call centers for AI, while
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="unions in South Korea" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               unions in South Korea
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               are striking over factory robots. There isn’t necessarily a friendlier labor market to decamp to (besides
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="space for data centers" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               space for data centers
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               , of course).
              </span>
             </div>
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             <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;color:#000000;font-weight:bold">
              <span style="color:#000000;background-color:#FFFFFF;font-size:20px">
               Time to make nice
              </span>
             </h2>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               The industry's answer, besides the new talking points, has been a burst 
of conspicuous helpfulness.
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="Anthropic committed $350 million" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               Anthropic committed $350 million
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               to easing the economic transition, including a fellowship that pays early-career workers $85,000 to spend a year integrating Claude at nonprofits. OpenAI's 
foundation
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="pledged $250 million" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               pledged $250 million
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               . Both companies, along with Amazon and Microsoft, are founding partners of Raise Us,
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="a new $500 million nonprofit" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               a new $500 million nonprofit
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               that will test policies like wage insurance at the state level.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               Even Bernie 
Sanders is getting meetings. After the senator
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="proposed giving the government a 50% stake" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               proposed giving the government a 50% stake
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               in major AI companies, Altman reportedly told him he supports some version of public ownership. In a 
separate meeting with the White House, Altman
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="threw out 5%" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               threw out 5%
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               as a nice cut of his company to give to the American people.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               Call it hedging, call
it reputation management.
              </span>
              <a data-air-original-link-color="rgb(0, 0, 0)" data-linktext="Several of these programs" data-linktype="Normal" style="color:#168DD9;background-color:#FFFFFF" target="_blank">
               Several of these programs
              </a>
              <span style="color:#000000;background-color:#FFFFFF">
               respond to fears of AI displacement by training workers to use more AI, which tells you something about who benefits either way. The lesson the CEOs 
seem to have absorbed is simpler. What makes a good pitch to an investor makes a terrible talking point to the public.
              </span>
             </div>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               <span class="ql-cursor">
                
               </span>
              </span>
             </div>
             <div>
              <span style="color:#000000;background-color:#FFFFFF">
               —Jackie Snow, Contributing Editor
              </span>
             </div>
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