Wednesday, 9 July, 2025
MIT Economist Warns AI Could Trigger “Mad Max” Labor Market by Devaluing Skills
MIT economist David Autor warns that while AI may not eliminate jobs, it risks creating a “Mad Max” scenario where once-valuable skills become commoditized, forcing many workers into low-wage, dead-end roles. This wage depression by AI-driven automation could concentrate wealth at the top and deepen inequality. Autor calls for intentional AI design, reskilling strategies, and policies to ensure technology enhances, rather than erodes, human potential.
Read full story at Economic Times