Google DeepMind economist sees no AI jobs bloodbath yet, but warns of a layoff cascade

In a recent discussion on the "Dwarkesh Podcast," Alex Imas, the director of AGI economics at Google DeepMind and an economics professor at the University of Chicago, addressed concerns about job losses due to artificial intelligence. Contrary to popular fears of an impending white-collar jobs crisis, Imas stated that he has not yet witnessed any substantial evidence of AI-induced job cuts. However, Imas did express caution regarding a potential scenario where companies might feel pressured to lay off employees to align with the narrative of adapting to AI technologies. He explained, "If a firm is perceived as not laying off staff, it may be seen as resistant to change, which could be detrimental to its reputation." He emphasized that such layoffs could paradoxically leave firms in a worse position than before, merely to project an image of technological adaptation. A spokesperson for Google DeepMind clarified that Imas was speaking in a personal capacity and reiterated that his remarks were speculative. They also highlighted that there is no current data indicating a widespread job crisis. Comments from Demis Hassabis, CEO of Google DeepMind, support this view, suggesting that AI technologies could enhance worker productivity and lead to the creation of new job opportunities. As industry leaders feel the pressure to demonstrate their commitment to AI advancements, some, such as Jack Dorsey's Block and Snap, have cited AI as a reason for workforce reductions. Despite these developments, Imas remains optimistic, noting that many sectors, including software engineering—often seen as particularly vulnerable—have not experienced significant job losses. He believes that AI has the potential to enhance productivity by automating routine tasks, allowing employees to concentrate on more complex responsibilities. At present, Imas asserts that we are not facing a white-collar job apocalypse, stating, "There is no evidence at this time to suggest such a crisis is upon us." He did not provide further comments to Business Insider following his podcast appearance.