Opinion: If AI steals jobs, who will be left to buy all the stuff?
The Globe and Mail
If artificial intelligence causes significant job losses, widespread unemployment would severely reduce consumer spending, thereby threatening overall economic growth. This risk is substantial because personal consumption drives the majority of gross domestic product in advanced economies, meaning a drop in employment could trigger a sharp contraction in GDP through reduced demand and multiplier effects.
All articles from 21 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.