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AI:
Towards
Structurally
Higher
Unemployment
in
the
United
States
17h46
▪4min
read
▪
byFenelon
L.
Getting
informed▪Intelligence
ArtificielleSummarize
this
article
with:ChatGPTPerplexityGrok
Chad
Hurley,
co-founder
of
YouTube,
dropped
a
bomb
on
X
with
a
phrase
that
sends
chills
down
the
spine.
Behind
the
irony
of
this
tweet
hides
a
reality
that
markets,
companies,
and
workers
are
only
just
beginning
to
digest.
AI
is
no
longer
knocking
at
the
door,
it
is
already
inside.
Read
us
on
Google
News
En
bref
Chad
Hurley,
co-founder
of
YouTube,
posted
on
X:
“I
hope
everyone
enjoys
their
last
year
of
meaningful
work.”
This
tweet
comes
amid
massive
AI-related
layoffs,
including
4,000
job
cuts
at
Jack
Dorsey’s
Block
Inc.
An
American
analysis
firm
predicts
mass
unemployment
in
the
United
States
within
two
years
due
to
AI.
When
a
Web
Pioneer
Signs
the
Death
Certificate
of
Human
Work
Yesterday,
Chad
Hurley,
one
of
the
three
co-founders
ofYouTube,
sold
to
Google
for
$1.65
billion,
posted
on
X
a
cryptic
but
heavy
phrase:
“Hope
everyone
enjoys
their
last
year
of
meaningful
work!”
That
is,
in
English:
“I
hope
everyone
is
making
the
most
of
their
last
year
of
useful
work.”
It’s
hard
to
know
whether
the
Californian
billionaire
is
joking,
worried,
or
provoking.
But
the
timing
is
anything
but
trivial.
This
tweet
comes
at
the
very
moment
artificial
intelligence
stops
being
a
conference
topic
to
become
an
economic
bulldozer.
€20
bonus
for
registering
on
BitvavoThis
link
uses
an
affiliate
program.
Proof?
On
February
26,Jack
Dorsey,
co-founder
of
Twitter,
CEO
of
Block
Inc.,
and
Bitcoin
maximalist,
announced
the
elimination
of
more
than
4,000
jobs
in
his
group,
nearly
half
of
its
workforce.
Not
because
the
company
is
doing
badly.
Block
shows
solid
results.
Jack
is
laying
people
off
because
AI
allows
him
to
produce
as
much
or
even
more
with
half
the
number
of
people.
Wall
Street
immediately
approved
the
choice:
the
stock
jumped
more
than
20%
in
after-hours
trading.
AI,
a
Wave
Nobody
Can
Stop
Hurley’s
tweet
does
not
come
out
of
nowhere.
It
resonates
with
a
series
of
converging
signals
that
together
paint
a
worrying
picture
for
the
global
labor
market.
On
February
22,
2026,
Citrini
Research,
an
American
financial
blog,
published
a
7,000-word
essay
imaginingthe
state
of
the
job
market
in
2028.
The
document
describes
an
economy
devastated
by
AI:
a
U.S.
unemployment
rate
rising
from
4.3%
to
over
10%
within
two
years.
Quiet
at
its
release,
the
text
went
viral
within
hours
in
trading
rooms
and
among
strategists,
to
the
point
of
being
cited
among
the
factors
contributing
to
the
Dow
Jones’
800-point
drop
the
following
day.
On
the
Federal
Reserve
side,
Raphael
Bostic,
outgoing
president
of
the
Atlanta
Fed,
drove
the
point
home
inan
interview
given
to
Reuters:
the
United
States
could
enter
a
period
of
“structurally
higher
unemployment,”
as
companies
substitute
algorithms
for
white-collar
workers.
A
statement
weighing
on
expectations,
as
the
U.S.
monthly
employment
report
is
awaited
for
March
6.
The
markets,
meanwhile,
have
already
delivered
their
verdict.
The
S&P
500
and
Nasdaq
recorded
their
largest
monthly
drop
in
nearly
a
year
in
February.
Software
sector
stocks
are
wobbling.
Andaccording
to
Forrester,
the
U.S.
economy
could
lose
10.4
million
net
jobs
by
2030.
What
Hurley
has
understood,
and
says
with
the
cold
irony
of
someone
who
built
his
fortune
on
disruption,
is
that
this
time,AIno
longer
complements
humans.
It
replaces
them.
And
the
timeline
is
tighter
than
expected.
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A
A
Lien
copié
Fenelon
L.
Passionné
par
le
Bitcoin,
j'aime
explorer
les
méandres
de
la
blockchain
et
des
cryptos
et
je
partage
mes
découvertes
avec
la
communauté.
Mon
rêve
est
de
vivre
dans
un
monde
où
la
vie
privée
et
la
liberté
financière
sont
garanties
pour
tous,
et
je
crois
fermement
que
Bitcoin
est
l'outil
qui
peut
rendre
cela
possible.
DISCLAIMER
The
views,
thoughts,
and
opinions
expressed
in
this
article
belong
solely
to
the
author,
and
should
not
be
taken
as
investment
advice.
Do
your
own
research
before
taking
any
investment
decisions.