A new thought experiment explores a near future in which artificial intelligence (AI) transforms the global economy faster than institutions and governments can react. The authors, James Van Geelen and Alap Shah, describe a "global intelligence crisis" in 2028, caused by the massive replacement of human labor with AI systems. Starting in 2026, companies adopt autonomous AI agents, leading to a vicious cycle of automation and layoffs, particularly affecting the white-collar sector. By 2028, unemployment exceeds 10%, and new jobs in the AI field are fewer and lower paid. The economic crisis generates fiscal pressures on governments, which must support households while tax revenues decline. The scenario suggests social movements similar to the Occupy Wall Street protests. The authors warn that certain AI capabilities are developing faster than institutions can react. Companies need to make strategic decisions now to determine the long-term impact of AI on the workforce and the economy. Responsible implementation of AI can turn challenges into opportunities for sustainable growth.
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