Fear-mongering about AI job losses harms the economy more than AI itself

Summary

This guest essay argues that excessive fear-mongering about AI's impact on jobs — dubbed "doomaxxing" — is more harmful to the economy than AI itself. The author notes that since ChatGPT's 2022 release, tech leaders have amplified warnings about job losses, fueling public anxiety (70% of Americans believe AI will reduce employment). While the author agrees AI could lower employment, the piece contends that consumers' fear-based reactions to AI pose a greater economic threat than the technology's actual impact.

Source

bskyFear-mongering about AI job losses harms the economy more than AI itselfnytimes.com