Out in the vast, rolling fields of technological progress, where the sun sets on the backs of hardworking folks, billionaire investor Paul Tudor Jones has a warning that’s as sharp as a barbed wire fence. He says the rise of artificial intelligence (AI) might cause more collateral damage than a tornado in a trailer park.
In a new op-ed for Time, Jones muses that while we can clap and cheer for the shiny new toys of tech, we should also have a good, hearty debate about the cost to the folks who keep the world spinning. You know, the ones who don’t get to sit in the ivory towers of Silicon Valley.
Jones, the founder of Tudor Investment Corporation, nods to a recent warning from Dario Amodei, CEO of Anthropic, who says AI could wipe out about half of all entry-level white-collar jobs in the next one to five years. That’s like a plague of locusts for the middle class.
Even if Amodei is only half right, Jones says such a transformation would create “unprecedented social upheaval.” Imagine a world where the only jobs left are for the robots and the folks who make the robots. 🤖
“If we follow the playbook of the last 45 years where over 92% of productivity gains went to shareholders over workers, and if Amodei is even half right on his unemployment prediction, you can bet we will face unprecedented social upheaval.
In the worst-case scenario, the safety-net strains that high unemployment will place on states and municipalities will force many into bankruptcy. The federal government won’t be a good backstop because with a debt-to-GDP ratio of more than 120% it won’t have the borrowing power it once did. Bond markets will tank and take stocks with them.”Â
The investor calls for several responses to AI, including a federal law requiring AI content to be watermarked so it’s clear it’s AI-generated. Otherwise, Jones says “humans will become irrelevant in the world we are headed for if we don’t demand human authenticity.” It’s like putting a “Made by a Human” sticker on a loaf of bread.
Jones also calls for a bipartisan commission that addresses issues of productivity sharing, as well as bilateral talks with China to “start establishing shared AI safety protocols to protect the entire world from mistakes and bad actors.” It’s like trying to get a room full of cats to agree on a mouse hunt.
“None of this is radical. It’s rational. The unemployment data on entry-level jobs is a call to action. The first signs of the societal disruptions of AI are already here.”
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2025-07-06 18:01