AI could turn today's low unemployment into a jobs crisis
Unemployment is low right now, but AI could flip that fast — bad news for workers whose jobs can be automated.
- Unemployment sits near 4%, historically a strong number.
- AI is starting to replace work that people currently get paid to do.
- If companies can't afford wages, they cut staff and lean on automation instead.
- The risk is a sudden jump from a healthy job market to widespread layoffs.
Outlook: Expect more pressure on hiring as companies test how much work AI can absorb.