No Result
View All Result
  • Login
Tuesday, June 23, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

AI ‘godfather’ says CEOs hyping job loss are ‘extremely destructive’—and kids are paying the price

by theadvisertimes.com
2 months ago
in Business
Reading Time: 3 mins read
A A
0
AI ‘godfather’ says CEOs hyping job loss are ‘extremely destructive’—and kids are paying the price
Share on FacebookShare on TwitterShare on LInkedIn



It’s become a common pattern over the past few months: A business leader makes an ominous claim about the impact of AI on the labor market, sparking weeks of discourse and sending U.S. workers reeling. Now, a “godfather” of AI is pushing back on those claims—and warning about the dangers they spur.

In an interview with Axios, Yann LeCun, former Meta AI chief who invented many of the fundamental components of AI like deep learning, said those doom narratives are wrong—and “extremely destructive.” 

“Don’t listen to CEOs,” he said. “They have a vested interest in propping up the power of the products they sell.” He said to instead listen to the economists, many of whom doubt the position that AI will wipe out large swaths of the entry-level white-collar workforce.  

LeCun, winner of the Turing Award (an annual prize for making lasting contributions to computer science) added that the sum of those warnings is “extremely destructive.”

“A small proportion of high school students are actually kind of depressed because they’ve read that AI is not only going to take a job, but basically cause human extinction,” he said. “They take that seriously and it has a profound effect on their psychology.”

LeCun warned, instead, that the danger doesn’t lie with AI and the claims associated with it, but with making grand, life-altering decisions as a result of those claims. He advocated for high school students to still go to college, and not let the fears of a lack of an entry-level job sway them from going into the field they enjoy. 

Though some tech companies have laid off workers this year thanks to AI-related efficiencies, the massive AI job apocalypse has yet to materialize. Some are skeptical that job cuts were actually a corporate fiction where companies cut headcount due to a disparate reason though pin it on AI out of convenience: OpenAI CEO Sam Altman even gave that practice a name. 

Despite this, Anthropic CEO Dario Amodei still says AI will wipe out half of entry-level white-collar work. Microsoft AI chief Mustafa Suleyman said that the warning will be realized in just 18 months. 

Gen Z fears an AI job apocalypse. The data tells a different story

While there’s no research available to map out how exactly AI job apocalypse warnings impact high school students, a recent Gallup poll found that Gen Zers are growing more skeptical of the technology. Thirty-one percent of the 14- to 29-year-olds surveyed said they are anxious or angry about AI’s development, up from 22% a year ago.

That’s in part because most of the heeded warnings target the critical on-ramp to a career: the entry-level role. For some, it seems the promise of white-collar work, a role with all the stable furnishings of what many of their parents had achieved—health insurance, a 401K, paid-time off—is increasingly out of reach. 

Because of that perception, the majority of Gen Zers are reconsidering the climb up the corporate ladder. A recent study from ZipRecruiter found that instead of considering a full-time job, fresh college grads are considering starting their own business, looking into gig work or freelance work, and pursuing the trades.

But the vibe is detached from what the data says. Seventy-seven percent of the class of 2025 found a role within three months of graduation, up from 63.3% a year ago, according to ZipRecruiter. Moreover, unemployment for 20- to 24-year-olds is down to 6.4% in March from a high of 9.2% last September, according to Federal Reserve data, suggesting those of college, and recent post-grad age are landing roles faster than what the doomers would have you believing. 

But there is some research suggesting that the labor market could soon end up where the CEOs say it could be going. Research from AI lab Anthropic found that its AI is already theoretically capable of performing the tasks associated with roles in law, business, finance, management, and other white-collar roles. 

Still, LeCun doesn’t see that downturn playing out anytime soon. Rather, he sees parallels between AI and past technological revolutions, a similarity that other economists have spelled out to make the same case against the job apocalypse argument.

“There is nothing qualitatively different between the previous technological revolutions and this one,” he said. “It’s just another set of tools that makes us more efficient.”



Source link

Tags: CEOsdestructiveandextremelyGodfatherHypingjobKidsLossPayingPrice
ShareTweetShare
Previous Post

Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

Next Post

Canadian real estate co Almadev plans TASE IPO

Related Posts

Moloco leads group buying 48% stake in AppsFlyer

Moloco leads group buying 48% stake in AppsFlyer

by theadvisertimes.com
June 23, 2026
0

After the collapse of the acquisition deal with Apollo, veteran Herzliya-based technology company AppsFlyer has carried out an investment...

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

by theadvisertimes.com
June 23, 2026
0

Shares of Syrma SGS Technology surged 4.84% to Rs 1,400.90 in Tuesday's trading session after the electronics manufacturing services (EMS)...

Gold steady as investors focus on US-Iran peace talks

Gold steady as investors focus on US-Iran peace talks

by theadvisertimes.com
June 22, 2026
0

Gold prices were steady on Tuesday as investors assessed U.S.-Iran peace talks, while rising expectations of a Federal Reserve interest...

Meet a British businessman who doesn’t regret his Brexit vote. He says rejoining the EU would be ‘re-boarding the Titanic’ while giving up life vests

Meet a British businessman who doesn’t regret his Brexit vote. He says rejoining the EU would be ‘re-boarding the Titanic’ while giving up life vests

by theadvisertimes.com
June 22, 2026
0

Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them to customers as far...

A  million horror film and a 30-year-old franchise are saving Hollywood’s summer

A $1 million horror film and a 30-year-old franchise are saving Hollywood’s summer

by theadvisertimes.com
June 22, 2026
0

“Toy Story” still has a friend in moviegoers. The fifth installment in the Pixar series debuted with $160 million in domestic...

Ex-Trump advisor makes bold case for Bitcoin

Ex-Trump advisor makes bold case for Bitcoin

by theadvisertimes.com
June 22, 2026
0

SkyBridge Capital founder Anthony Scaramucci is not backing away from Bitcoin.  Scaramucci, a Goldman Sachs veteran briefly served as White...

Next Post
Canadian real estate co Almadev plans TASE IPO

Canadian real estate co Almadev plans TASE IPO

Pinterest – PINS: EPS & Umsatz über den Erwartungen!

Pinterest – PINS: EPS & Umsatz über den Erwartungen!

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
6 Hotels Where Chase’s Points Boost Yields 2.5x

6 Hotels Where Chase’s Points Boost Yields 2.5x

May 22, 2026
Understanding risk remains a major investor blind spot: TIAA Institute

Understanding risk remains a major investor blind spot: TIAA Institute

June 5, 2026
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

June 2, 2026
Memorial Day 2026: Take Advantage of Food Freebies, Deals

Memorial Day 2026: Take Advantage of Food Freebies, Deals

May 23, 2026
9 Best Cheap Cell Phone Plans That Will Save You Money

9 Best Cheap Cell Phone Plans That Will Save You Money

June 3, 2026
Lies, Damn Lies, and the History of Capitalism

Lies, Damn Lies, and the History of Capitalism

0
Three key AI stocks to watch this week with traders expecting giant moves

Three key AI stocks to watch this week with traders expecting giant moves

0
7 Benefits of Starting Retirement Savings Early

7 Benefits of Starting Retirement Savings Early

0
Moloco leads group buying 48% stake in AppsFlyer

Moloco leads group buying 48% stake in AppsFlyer

0
CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc

CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc

0
Trump open to trade talks amid turmoil

Trump open to trade talks amid turmoil

0
Lies, Damn Lies, and the History of Capitalism

Lies, Damn Lies, and the History of Capitalism

June 23, 2026
7 Benefits of Starting Retirement Savings Early

7 Benefits of Starting Retirement Savings Early

June 23, 2026
CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc

CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc

June 23, 2026
Moloco leads group buying 48% stake in AppsFlyer

Moloco leads group buying 48% stake in AppsFlyer

June 23, 2026
Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics

June 23, 2026
Canada’s Inflation Problem Is Far From Over

Canada’s Inflation Problem Is Far From Over

June 23, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Lies, Damn Lies, and the History of Capitalism
  • 7 Benefits of Starting Retirement Savings Early
  • CZ Says Hyperliquid Found A No-KYC Niche Binance Cannot Touc
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.