The Coming AI Backlash
How the anger economy will supercharge populism.
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How the Anger Economy Will Supercharge Populism
Authors: Beatrice Magistro, Sophie Borwein, R. Michael Alvarez, Bart Bonikowski, and Peter John Loewen
The AI economic transformation has begun. Companies such as IBM, Salesforce, UPS, JPMorgan Chase, and Wendy’s are replacing employees with artificial intelligence chatbots, resulting in significant job losses.
- IBM fired hundreds of employees and replaced them with AI chatbots.
- Salesforce, UPS, JPMorgan Chase, and Wendy’s are also slashing head counts due to automation.
College graduates are facing difficulties in finding entry-level jobs, with trends indicating this is just the beginning.
No specific quote available in the given text.
Author's summary: AI transformation sparks job losses.
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