SAN FRANCISCO (AP) β Hundreds of economists have signed an open letter urging institutions to address the potential economic impact of artificial intelligence, particularly the risk of widespread job displacement. The statement, released on Monday, July 13, 2026, warns that AI could transform the economy and put many people out of work if not managed proactively.
The letter, signed by economists from various institutions, emphasizes the need for immediate action to mitigate these risks. It calls for policies that support workers through retraining and social safety nets, as well as investments in education to prepare for an AI-driven economy.
While the exact number of signatories was not specified in the available sources, the letter represents a broad consensus among economists that AI's impact on employment is a pressing issue. The signatories include notable figures from academia and policy circles, though specific names were not immediately available.
The letter does not propose specific legislation but urges governments, businesses, and educational institutions to collaborate on solutions. It highlights the urgency of the situation, stating that delays could lead to significant economic disruption.
