Our article title is certainly scary. The question we pose has become a hot topic following the release of “The 2028 Global Intelligence Crisis,” by Citrini Research. While evaluating the impact of AI on the labor market is complex, we can distill both optimistic and pessimistic views into two straightforward questions.

• Will AI bring about an era of unmatched prosperity and productivity, freeing workers from monotonous tasks, revitalizing old industries, and creating new and unimaginable ones?
• Or will AI displace many white-collar workers faster than the economy can absorb them, triggering a deflationary spiral with consequences that rival the Great Financial Crisis or worse, the Great Depression?

To better understand how AI might affect the labor market and, ultimately, the economy, we review the bleak Citrini article alongside more optimistic rebuttals from Citadel Securities and Bianco Research. The articles and our summaries provide a useful primer on how the labor markets may adjust to the upcoming major technological changes.

Full commentary : Is artificial intelligence the harbinger of global depression?