The signs that AI could lead to mass job displacement are already piling up: entry-level job postings in the U.S. have sunk 35% since 2023, mass layoffs have swept across Big Tech, and even AI leaders themselves are warning about what’s coming.
Backstage at the Axios AI Summit in Washington on Wednesday, Sen. Mark Warner (D-VA) said a venture capitalist recently told him he’s writing software investments down to zero in large part due to the strides of Anthropic’s Claude, and a major law firm told him it’s not hiring first-year associates because AI can now handle much of the work once assigned to junior lawyers.
