Jeffrey Sachs: Afraid A.I. Will Wipeout Tons Of Jobs? It Already Is.
And we have no national strategy for dealing with this unfolding crisis
Will artificial intelligence wipe out millions of the jobs done by humans today?
The AI CEOs tell us it’s nothing to worry about.
But one of the most-influential living economists (as recognized by The Economist magazine) begs to differ.
He says AI is already starting to replace human labor at scale. And we don’t have a national plan for the aftermath.
To discuss this very important topic in depth, we have the great privilege of speaking today with Jeffrey Sachs, professor of economics at Columbia, bestselling author, and global leader in sustainable development.
To hear this critically important discussion, click here or on the video below:
GOT GOLD?: Read our free Guide To Buying and Storing Gold & Silver:
I’m so grateful to everyone who has kindly supported me by becoming a premium subscriber to this Substack. It makes an important difference in helping me fund the substantial operating costs of running Thoughtful Money.
Premium supporters receive my “Adam’s Notes” summaries to the interviews I do, the wildly-popular MacroPass™ rotation of reports from esteemed experts, VIP discounts, plus periodic advance-viewing/exclusive content. My Adam’s Notes for this discussion with Professor Sachs are available to them below.
If you, too, would like to become a premium subscriber to this Substack (it’s only $0.52/day), then sign up now below:
Adam’s Notes: Jeffrey Sachs (recorded 12.2.25)
EXECUTIVE SUMMARY:
Jeffrey Sachs sees the global economy as highly uneven, with pockets of AI/data-center dynamism in the U.S. and fast growth in Asia, but widespread stagnation, falling real wages, and an “affordability crisis” (really a stagnant-wage crisis) hitting the bottom 80%.
AI is already displacing jobs at scale across sectors (including skilled/college-educated work); left to market forces, it will dramatically
