The Future of AI Agents: Disruption or Opportunity?
In a rapidly evolving landscape, AI agents are set to revolutionize the economy. Here’s how:
- Disruptive Potential: AI enhances capabilities, threatening traditional software companies by enabling cheaper in-house solutions. This shifts the market dynamics, pushing legacy firms towards aggressive pricing strategies.
- Job Market Turmoil: AI’s advancement may lead to mass white-collar unemployment, as workers are displaced into unstable gig jobs, driving down wages and consumer spending—creating a negative feedback loop.
- Wider Economic Impact: The scenario predicts defaults in private credit due to unrealistic revenue expectations and a mortgage crisis stemming from layoffs, straining the overall economy.
Citrini’s analysis warns of a future where AI does not generate jobs but exacerbates economic instability—a phenomenon he terms “ghost GDP.”
Join the conversation! Share your thoughts and insights on AI’s role in our future. Let’s explore the implications together!
