Tech Leaders Push Universal Income as AI Threatens Millions of Jobs
AI is rapidly reshaping Wall Street, but the real conflict is no longer whether jobs will change—it’s how many will disappear.
Major banks like JPMorgan and Goldman Sachs are deploying AI across trading, coding, and client services, replacing time-intensive tasks and reducing staffing needs, according to Business Insider. Some firms have already slowed hiring or cut roles as automation scales, Reuters reported.
The shift is accelerating. A World Economic Forum survey found 41% of companies plan layoffs tied to AI, while estimates suggest millions of U.S. jobs could be displaced in the coming years.
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But the bigger divide is what comes next. Tech leaders like Elon Musk are now pushing versions of universal income to offset mass job loss, while economists warn those ideas could destabilize the economy.
The result is a growing tension between productivity gains and workforce disruption.
What started as efficiency may now be forcing a larger rethink of how work—and income—will function at all.
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