Here’s How Tech Leaders Envision The World After AI Wipes Out Millions Of Jobs

The artificial intelligence boom has promised a future filled with medical breakthroughs, greater productivity, and explosive economic growth. But what happens if the same technology generating trillions of dollars in corporate value also puts millions of people out of work? That’s the question many tech leaders, policymakers, and economists are tackling. Concerns about AI-driven job displacement have grown as the technology becomes increasingly capable of performing white-collar work at a rapid pace. Geoffrey Hinton, widely known as the “godfather of AI,” has warned that artificial intelligence could replace most intellectual jobs . At the same time, both JPMorgan Chase CEO and Chairman Jamie Dimon and Citigroup CEO Jane Fraser have raised concerns about AI’s potential impact on the workforce. The anxiety is not limited to corporate boardrooms. A Pew Research Center survey cited in Bloomberg’s “What Comes After AI Replaces Jobs?” found that nearly half of U.S. adults are “very concerned” about AI’s role in the economy. Economist Joseph Schumpeter argued that technological revolutions ultimately create more jobs than they destroy. AI skeptics, however, fear this time could be different as AI automates intellectual and physical work. That has sparked a growing conversation around what comes next. Ideas gaining attention include guaranteed income programs, AI dividends that could distribute some of the wealth generated by the technology, and “basic compute,” a concept tha…