AI could trigger a layoff trap that even smart CEOs can't escape

Source: Business Insider

Two economists, Gerry Tsoukalas and Brett Falk, warn that companies could be self-destructing by replacing workers with AI and eroding consumer demand. ADEK BERRY / AFP via Getty ImagesCompanies could be self-destructing by replacing workers with AI, two economists warned. The World Economic Forum said that AI's disruption is outpacing traditional reskilling efforts.