AI & Tech

Professor Claims AI Job Apocalypse Predictions Are Mostly Bullshit and Fundraising

Name: Professor Claims AI Job Apocalypse Predictions Are Mostly Bullshit and Fundraising
Uploaded: 2026-05-06T14:54:11.659557+00:00
Description: Galloway dismisses CEO predictions of mass AI-driven unemployment as marketing tactics to justify massive valuations and investments. He points to current employment data showing unemployment at 4.5% and rising job listings for radiologists and coders as evidence that the predicted job apocalypse hasn't materialized, arguing AI will create more jobs than it destroys.

Diary of a CEO · Scott Galloway: AI Wasn’t Built For You. The Rich Don’t Need You Anymore! · May 6, 2026

Diary of a CEO

Scott Galloway: AI Wasn’t Built For You. The Rich Don’t Need You Anymore!

"I think it's mostly bullshit and catastrophizing and a means of fundraising. Every technology in history goes through a similar arc. There's some catastrophizing, there's some job loss. That increase in productivity results in additional margin, new business opportunities, and employment growth. I don't see any reason why this would be any different. And I think that catastrophizing and talking about this massive destruction in jobs is a way of saying or justifying the massive investments these companies want enterprises to make in their companies."

Galloway dismisses CEO predictions of mass AI-driven unemployment as marketing tactics to justify massive valuations and investments. He points to current employment data showing unemployment at 4.5% and rising job listings for radiologists and coders as evidence that the predicted job apocalypse hasn't materialized, arguing AI will create more jobs than it destroys.