200+ Economists & AI Experts Joint Statement: Beware AI Economic Shock
soumitrashukla9 · x · 2026-07-13
Over 200 economists and AI researchers have co-signed a statement titled "We Must Act Now," warning of AI's potentially disruptive impact on the economy.
Key points of the statement:
- Surging Capabilities: AI could become incredibly powerful over the next decade.
- Economic Upheaval: This will trigger a transformation far exceeding the Industrial Revolution, but in a fraction of the time. It offers chances for massive living standard improvements but carries severe risks like mass unemployment.
- Call to Action: Urging economists, policymakers, and tech leaders to act immediately. They must study the economics of transformative AI and build corresponding incentives, regulatory guardrails, and institutions to ensure AI benefits society and complements human capabilities.
Related event: 200+ Scholars and 16 Nobel Laureates Urge Action on AI Economic Shock(43 posts)→
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