Technology
AI leaders and Nobel laureates warn of imminent labor market disruption from AI boom
July 14, 2026 at 03:03 PM
Over 200 executives, economists, and researchers have signed an open letter warning that the rapid advancement of AI could cause severe disruption to the global labor market within years.
- More than 200 technology executives, economists, and Nobel laureates signed an open letter warning that AI will become "radically more powerful" and may disrupt the global labor market.
- The letter, titled "We Must Act Now" and organized by the Stanford Digital Economy Lab, calls on governments and tech leaders to build safety nets and institutions to absorb the economic shift.
- Signatories include former Google CEO Eric Schmidt, LinkedIn co-founder Reid Hoffman, OpenAI CFO Sarah Friar, Google AI chief Jeff Dean, and Anthropic co-founder Jack Clark, alongside over 12 Nobel laureates in economics.
- Dario Amodei, CEO of Anthropic, warned that AI could eliminate up to half of entry-level office jobs within five years, urging governments to act before the crisis becomes unavoidable.