Nobel Prize laureate warned that artificial intelligence could destroy the labor market
According to him, if the development of artificial intelligence continues at its current pace, within the next decade only blue-collar workers, narrow-specialization engineers, or entrepreneurs will remain.
Nobel laureate warns that artificial intelligence could destroy the labor market
Daron Acemoglu, laureate of the Nobel Prize in Economic Sciences, stated that if the development of artificial intelligence continues at its current pace and superintelligence is created, the labor market could disappear within the next decade.
According to him, the ultimate goal of the artificial intelligence industry is to create superintelligence that surpasses human capabilities. Acemoglu emphasized that if humanity approaches such technology, not only the workforce, but democracy itself could disappear.
"If we even get close to such superintelligence, there will be no labor market left — only workers, narrowly specialized engineers, or entrepreneurs will remain... This threat will not arise today or tomorrow, but it could emerge within the next decade," he said.
Acemoglu called for fundamentally changing the direction of artificial intelligence technology development and adapting them to the needs of employees.
In 2024, Acemoglu was awarded the Nobel Prize in Economic Sciences alongside Simon Johnson and James Robinson "for studies of how institutions are formed and affect prosperity."