AI Hype Won’t Make You Rich—It’ll Make You Obsolete

AI isn’t just eating jobs, it’s about to wreck the economy before it even does the work. The mere expectation of AI-driven automation could spike interest rates, gut wages, and trigger an economic crisis. Welcome to the AI paradox.

A new study warns that AI’s biggest disruption might not be automation itself, but the hype surrounding it. Economist Caleb Maresca predicts that just the belief that AI will replace workers could send interest rates soaring by 10-16%, making loans, homes, and startups unaffordable.

• AI-driven job cuts funnel wealth to the few who control the tech.
• The fear of AI displacement could push mass saving, stalling economic growth.
• Without intervention, we could mirror Russia’s extreme wealth inequality.

If AI is the future, how do we ensure it benefits everyone, not just tech elites, because when the job cuts will eventually hit, it will make everything significantly worse? Will we reshape policy, or let the hype dictate our fate?

Read the full article on Futurism.

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