Portrait of what life will be like in 2028, and how the decline began in 2026. Layoffs, unemployment, consumption, instability – a vicious cycle.
It’s a frequent topic over the last two years: how many jobs and which jobs will artificial intelligence (AI) eliminate. The scale could be large – and the society ea economy world will change because of that.
The was written by James Van Geelen, executive president of Citrini (investment analysis company), and by Alap Shah, an entrepreneur in the field of AI.
Here comes one «global intelligence crisis» that reaches the world until 2028. The article simulates that we are already in June 2028 and that, since 2026, there has been a huge sequence of layoffs «due to human obsolescence». You AI agents already perform tasks without human supervision.
First vicious cycle
It’s a vicious cycle, highlights: a lot of investment in AI, more independent agents, less humans.
«The individual response of each company was rational. The collective result was catastrophic”, reads the article.
Displaced white-collar workers moved into blue-collar roles and professions with lower wages; the few who held on to their jobs did not see their salaries increase.
From 2027 onwards, AI agents will work in the background on people’s devices: they write all the computer code, take on research projects (which last just weeks) and optimize the way humans spend their money.
Second vicious cycle
It is true that the AI creates some jobs in the new economy: engineering engineers promptssecurity researchers and infrastructure technicians – but many others disappear because they become outdated.
Furthermore, there is another vicious cycle: many layoffs, more unemployment, less purchasing power, less consumption, greater economic and social instability. All signs of crisis – and on a global scale.
A way to soften this collapse: more money for families. Who pays? The State. But… the State will have less money: lower wages, less consumption, fewer taxes. And there is extra pressure on the economy.
Even if these predictions are not 100% correct (it is most likely), James Van Geelen and Alap Shah warn that the AI is already transforming the economy very quickly; so quickly that institutions cannot keep up with the pace.
