Layoffs due to AI are sweeping America, nixing hundreds of thousands of jobs at Microsoft, Walmart, and other titans. The newly jobless speak of a ‘bloodbath’ on the scale of the pandemic.
This time, it’s not blue-collar and factory workers getting whacked — it’s college graduates losing white-collar jobs to AI in tech, finance, law, and consulting.
Entry-level jobs are vanishing the fastest — stoking fears of recession and a generation of disillusioned graduates left stranded with CVs no one wants.
College grads are now much more likely to be unemployed than others, official data show.
Chatbots have already taken over data entry and customer service jobs. Next-generation ‘agentic’ AI can solve problems, adapt, and work independently.
These ‘smartbots’ are already spotting market trends, running logistics operations, writing legal contracts, and diagnosing patients.
The choice is fewer people working more. Or more people working less. If it’s more people working less, this could be the start of a wonderful new era. This should be a soluble problem. Simply stated, it’s an embarrassment of riches. If machines can output more, we will be wealthier with less work. There have to be ways to benefit everyone under those conditions. ABN
American Buddhist Net 