Ex-presidential candidate Andrew Yang warns that millions of white-collar workers will lose their jobs within 18 months
Fortune • • business
Key Points:
- Andrew Yang warns that millions of white-collar jobs, including marketers, coders, designers, lawyers, and accountants, could be lost in the next 12 to 18 months due to AI advancements, potentially triggering widespread economic fallout.
- Yang highlights that job losses will extend beyond office workers, impacting local businesses and leading to increased personal bankruptcies, ultimately exacerbating economic inequality and breaking the path to social mobility.
- Yang advocates for universal basic income (UBI) as a necessary response to AI-driven automation, a stance supported by prominent figures like Elon Musk and OpenAI CEO Sam Altman, who foresee a future with guaranteed income programs.
- The traditional value of a college degree as a safeguard against economic disruption is diminishing due
