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AgenciesLooming jobs crisis in the United States

A growing chorus of warnings from leading CEOs and AI experts signal a looming jobs crisis in the United States, driven by rapid advancements in artificial intelligence. In a recent Axios report, CEO Jim VandeHei highlighted conversations with 20 prominent business leaders who disclosed plans to reduce or freeze hiring as AI technologies transform the workplace landscape.Dario Amodei, CEO of Anthropic and a leading AI researcher, forecasted a “white-collar bloodbath,” warning that AI could eliminate up to half of US entry-level white-collar jobs with widespread repercussions on employment. “Artificial intelligence is going to replace literally half of all white-collar workers in the US,” echoed Ford CEO Jim Farley during the Aspen Ideas Festival, reinforcing fears of significant workforce displacement.Industry giants such as Amazon and Walmart have publicly confirmed similar expectations. Amazon CEO Andy Jassy stated, “It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.” AI technology threatens to automate nearly 50% of entry-level white-collar jobs in the US, according to experts like Amodei and Farley.Walmart’s CEO Doug McMillon added, “It’s very clear that AI is going to change literally every job,” noting that the technology fundamentally alters work processes across sectors.Live EventsDespite these alarm signals, the White House and Congress remain focused on technological competition with China and long-term economic benefits of AI. Officials argue that while there may be temporary disruptions, new technologies traditionally create more and better jobs over time, labeling fears of massive unemployment as exaggerated.The Axios report underscores the tension between urgent warnings from industry insiders facing the immediate reality of workforce automation and policymakers who emphasize the strategic imperative of leading in AI innovation. This gap has heightened calls for accelerated government action to prepare American workers for the transitional challenges ahead.FAQ:Q: What types of jobs are most at risk from AI?A: Entry-level white-collar jobs involving routine cognitive tasks such as data entry, basic analysis, and administrative functions are highly vulnerable to AI automation.Q: What steps are being taken to mitigate the impact?A: Discussions are underway about expanding workforce retraining, education reform focused on AI-related skills, and social safety nets, but critics argue current efforts lag behind the rapid pace of AI deployment.Q: How does AI compare to past technological shifts?A: Unlike prior automation waves primarily affecting manufacturing, AI threatens a broad spectrum of white-collar roles, creating a more widespread and immediate economic challenge.Q: What is the government’s role in addressing this?Add as a Reliable and Trusted News Source Add Now!
A: The White House prioritizes AI leadership for national security and economic competitiveness but acknowledges the need for improved worker protections and policy frameworks.(You can now subscribe to our Economic Times WhatsApp channel)

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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onAI revolutionWalmartAmazonfarleyamodeiWhite HouseAnthropicjobs crisis(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates….moreless

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