AI-Driven Job Displacement Looms Large in US and UK Labour Markets

Published on 6.14.25

  The rapid development and deployment of artificial intelligence (AI) is transforming the job market, raising concerns about its dark economic consequences. Experts emphasize the need for robust AI literacy and support to mitigate job displacement. Senior fellow Brent Orrell at the American Enterprise Institute highlights this concern, suggesting that workers must adapt to an increasingly automated workforce. The human cost of AI adoption is evident in the story of Shawn K, a former software engineer who lost his job due to automation and now struggles financially. Economist Shane Wright suggests that AI may not bring about the benefits predicted by John Maynard Keynes, who envisioned a 15-hour workweek by 2030. The UK labour market outlook suggests that many jobs will be augmented by AI rather than automated, according to an economist, raising questions about the future of work and the potential for increased social divisions as low-skilled sectors are disproportionately affected. Prominent investor Paul Tudor Jones has expressed concerns that AI could exacerbate these issues, highlighting the need for a more nuanced understanding of its economic consequences.

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