AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says

Federal Reserve Governor Michael S. Barr issued a stark warning on Tuesday regarding the potential trajectory of artificial intelligence, outlining a scenario where rapid technological advancement will create a “jobless boom” that leaves a significant portion of the population “essentially unemployable.”

Speaking before the New York Association for Business Economics on Feb. 17, Barr discussed the profound uncertainty surrounding how generative AI will reshape the labor market. While...