The viral ‘Ghost GDP' essay predicting a devastating AI doom loop is a warning to CEOs as they decide how much work to automate [Fortune]
International Business Machines Corporation (IBM)
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Source: Fortune
The big leadership story: There may be a Ghost in the future economy, but for now there's ‘betrayal,' says KPMG's top economist. The markets: European markets drop as Trump's tariffs take effect at 10%. Plus: All the news and watercooler chat from Fortune Good morning. What's the prognosis for the economy if AI turns out to be fantastic for profits and disastrous for demand? That's the scenario being explored in a viral essay titled “ The 2028 Global Intelligence Crisis .” Co-authored by James Van Geelen, founder of analysis firm Citrini Research, and AI entrepreneur Alap Shah, it imagines a near-time future in which real wage growth collapses as white-collar workers lose jobs while owners of compute see their wealth explode, resulting in a “Ghost GDP: output that shows up in national accounts but never circulates through the real economy.” (Van Geelen wrote that he spent 100 hours on the essay, a poignant metric, perhaps, in an era where AI could write up any scenario in secon
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