Tech CEOs: Just Kidding About That Jobpocalypse

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Source: Zero Hedge
Published: 2026-07-07 07:20 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Technology & AI, China, Labour & Workers, Technology
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Snippet:
For three years, everyone from Goldman, to Richmond Fed President Thomas Barkin, to tech CEOs have been forecasting mass unemployment due to AI wiping out jobs - which would only be accelerated by the proliferation of cheap(er) Chinese models. Ford Motor CEO Jim Farley said last year that AI would replace "literally half of all white-collar workers in the U.S."
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