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Benzinga
Benzinga
Business
Rishabh Mishra

AI Will Disrupt 25% Of US Jobs By 2030—And The Fed Can't Save Them, Economist Warns

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As artificial intelligence (AI) accelerates job displacement, economist Craig Shapiro warns that the Federal Reserve's traditional tool of interest rate cuts is ill-equipped to address the looming labor crisis.

What Happened: In an X post and a detailed Substack essay published today, Shapiro argues that AI's structural impact on employment—particularly in white-collar sectors—renders monetary policy ineffective, urging a shift toward fiscal and regulatory solutions.

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