If AI is powerful enough to produce abundance and reduce scarcity, will worrying about unemployment make sense at all?

In recent decades, and especially since the release of OpenAI’s large language model ChatGPT in 2022, artificial intelligence use has rapidly spread into almost every industry. And as AI proliferates, so do fears that a wave of mass unemployment will follow. Concerns are widespread that AI will be deployed to accomplish an ever-greater share of the labor needed throughout the economy, leaving fewer and fewer jobs available for human workers.

This fear led Dario Amodei, one of the world’s leading AI technologists, to sound the alarm earlier this year about an impending “white-collar bloodbath.” The Anthropic CEO told Axios that one very possible scenario within the next one to five years is that, “Cancer is cured, the economy grows at 10 percent a year, the budget is balanced — and 20 percent of people don’t have jobs.”

This was predictably latched onto by economic interventionists, such as US Senator Bernie Sanders. “We must demand that increased worker productivity from AI benefits working people, not just wealthy stockholders on Wall St,” Sanders posted on X in response to Amodei’s statement. Sanders later posted that, “With the explosion of AI, new technology and increased worker productivity, we should demand a shorter work week, increased life expectancy and a decent standard of living for all.” Other politicians have gone even further since then. US Senator Josh Hawley, like Tucker Carlson started advocating years ago, supports banning self-driving cars to protect the jobs of car and truck drivers.

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