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AI ‘collusion’ forcing down wages a bigger threat than job

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AI ‘collusion’ forcing down wages a bigger threat than job-stealing robots: ILO economist Young people’s unemployment woes ‘mostly related to the current economic slowdown, more than to specific AI’, says Ekkehard Ernst The threat to employment posed by artificial intelligence was not a “robot apocalypse” that would steal jobs, but “algorithmic collusion” that could quietly erode wages and workpla...
The strongest version of this narrative is that AI's impact on labor markets is being misunderstood. Rather than a dramatic, job-stealing apocalypse, the real danger lies in the quiet erosion of wages and workplace standards through algorithmic collusion—a subtler but potentially more insidious threat. Ernst’s argument is grounded in empirical evidence, such as the Anthropic study, which highlights the gap between AI’s theoretical capabilities and practical implementation. This perspective usefu...