Part 2/10:
Shapiro begins by emphasizing that automation has already led to significant job displacement, with fewer new jobs created than those lost. Despite optimistic claims from tech leaders like Satya Nadella, who suggests AI will generate more employment opportunities, the reality remains stark: machines are cheaper, faster, and more efficient than human labor.
Looking ahead, he forecasts that AI has the potential to eliminate over 60% of American jobs, predicting an unemployment rate as high as 70% by 2030. This imminent upheaval poses grim choices: either widespread unrest and riots or a deliberate redistribution of wealth to maintain social stability. The central message is clear—society must embrace the trend of automation rather than resist it, as the alternative could be catastrophic.