Most people aren’t worried about an AI bubble. What they fear is mass layoffs | Steven Greenhouse

Most people aren’t worried about an AI bubble. What they fear is mass layoffs | Steven Greenhouse

By Steven Greenhouse
Publication Date: 2025-12-12 13:00:00

NThere seems to be a non-stop discussion about AI these days, with much of the discussion focused on whether there is a speculative bubble, or whether chipmaker Nvidia is really worth $5 trillion, or whether OpenAI will beat its competitors in developing new generations of artificial intelligence. But the vast majority of Americans—as well as the vast majority of Europeans and Asians—couldn’t care less about these things.

Their big concern is whether AI will lead to massive layoffs and create a disastrous job market, especially for younger workers. Dario Amodei, CEO of Anthropic, a leading AI company, fueled these fears when he said that AI could eliminate half of all entry-level office jobs in the next one to five years and increase U.S. unemployment to 10% to 20%. In October, Bernie Sanders, the top Democrat on the Senate Education and Labor Committee, released a report saying AI and automation could replace up to 97 million jobs in the U.S. over the next decade.

Such predictions fuel…