Tech
Andrew Yang Warns AI Will Displace Millions of White-Collar Workers Within 18 Months
Andrew Yang, the former presidential candidate and longtime Universal Basic Income advocate, published a blog post this week warning that AI is about to displace millions of white-collar workers in the U.S. over the next 12 to 18 months, a wave he has taken to calling “the Fuckening.”
Yang cited a conversation with the CEO of a publicly traded tech company who said the firm is cutting 15% of its workforce now and plans another 20% cut in two years, followed by yet another 20% two years after that. The U.S. currently has about 70 million white-collar workers, and Yang expects that number to fall by 20 to 50% over the next several years.
Underemployment among recent college graduates has already hit 52%, and only 30% of graduating seniors have landed a job in their field. Yang’s proposed remedy remains the same one he ran on in 2020: Universal Basic Income.