Part 1/12:

The Impact of Artificial Intelligence on Job Loss and the Future of Basic Income

AI’s Immediate Effect on Employment

Artificial intelligence (AI) is no longer a distant futuristic concept; it is actively reshaping the labor market today. Michael Swirkish reports that recent studies and news highlight the tangible consequences of AI integration. A notable study from the Massachusetts Institute of Technology (MIT) reveals that AI has the potential to replace approximately 11.7% of the U.S. workforce—or around $1.2 trillion in wages—particularly in sectors like finance, healthcare, and professional services.