Former US Commerce Secretary Raimondo Warns AI Could Trigger Tens of Millions of Layoffs, Deep Recession Without Safeguards
JH Kim
Summary
- Former US Commerce Secretary Gina Raimondo warned that tens of millions of people could lose their jobs if there is no response plan for the spread of artificial intelligence (AI).
- Raimondo said AI could trigger mass layoffs before it creates new jobs.
- She said rapid AI adoption without proper planning could lead to tens of millions of layoffs and a deep recession.
Forecast Trend Report by Period
Former US Commerce Secretary Gina Raimondo warned that tens of millions of people could lose their jobs and a severe recession could follow if no response is prepared for the spread of artificial intelligence.
Cointelegraph reported on September 29 that Raimondo said AI could trigger mass layoffs before it creates new jobs.
She said the number of layoffs could reach into the tens of millions if AI adoption accelerates without proper planning.
Raimondo also warned that the employment shock could lead to a deep recession.
JH Kim
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