Artificial intelligence (AI) has made significant strides in recent weeks, with the most powerful models capable of performing an impressive array of tasks. However, experts warn that while AI is becoming increasingly sophisticated, it still poses little threat to human jobs.
In fact, many analysts argue that a jobs-pocalypse seems a long way off. The focus now shifts towards mitigating the risks associated with AI, particularly in terms of currency risk and its impact on global markets.
For instance, soaring bond yields are causing concern, as is America’s rising debt burden. Trump’s threat to impose 50% tariffs has sparked debate, with some arguing that Europe could strike back by adopting similar measures.
Another area of focus is the vulnerability of tech giants to AI-related attacks. Meanwhile, Hong Kong’s departure from its capitalist model marks a significant shift in economic policies.
Additionally, the failure of a high-achieving student at MIT highlights the need for economists to critically evaluate their work and consider alternative perspectives. The divide between Wall Street and Main Street over Trump’s policies is also worth noting, as it echoes the similar divisions that arose during his previous term in office.
Source: https://www.economist.com/finance-and-economics/2025/05/26/why-ai-hasnt-taken-your-job