Citrini Research's recent 'The 2028 Global Intelligence Crisis' report on Substack depicted a global economy destroyed by AI. The financial fiction describes the world in June 2028, where the S&P 500 is down 38%, unemployment has soared to 10.2%, and the US economy is grappling with a deflationary spiral triggered by the displacement of white-collar US workers.
The macroeconomic research firm speculates a 'human intelligence displacement spiral' or a negative feedback loop with no natural brake. In that world, AI agents swiftly replace software engineers and middle management as businesses downsize their workforce to increase margins and reinvest savings to drive AI compute growth, which further speeds up layoffs.
