Economists Start to Admit They May Have Been Wrong About AI Never Replacing Human Jobs

A joint study found economists, AI specialists and superforecasters broadly expect continued AI advances.

Surveyed economists think labor force participation may dip modestly over the next five years, with bigger declines in a fast-AI scenario.

The research links faster AI progress to lower employment and potentially higher inequality.

The findings suggest AI may reshape labor markets more than many economists had assumed, sharpening policy debates.