This article argues that companies hire out of necessity rather than desire, and that the labor market exists mainly because business owners need help. It critiques the belief that jobs will always be available, suggesting that advancements in AI could further reduce the need for human labor.

A TechCrunch survey reveals that investors anticipate AI will significantly affect the workforce in 2026, potentially leading to job automation and layoffs. Experts expect companies will shift budgets from labor to AI, raising concerns about job displacement and the future of work.

A new MIT study shows that AI could replace 11.7% of the U.S. workforce, equating to $1.2 trillion in wages, particularly in finance, healthcare, and professional services. Using the Iceberg Index, researchers mapped how AI affects various jobs and skills across all states, revealing significant automation potential beyond just tech roles.