Nobel laureate economist warns AI jobs apocalypse fears could become a self-fulfilling prophesy

Nobel laureate economist Robert Shiller cautions that widespread fears about AI leading to massive job losses could become a reality if enough people act on those fears. He explains that when large groups base decisions on negative expectations, the resulting actions might bring about the feared outcomes. This insight underscores the power of collective belief and the potential for fear to shape economic reality, highlighting the importance of addressing and mitigating these anxieties to avoid unintended consequences.