{"id":2629294,"date":"2026-07-13T18:54:02","date_gmt":"2026-07-13T22:54:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-economists-and-ai-leaders-warn-of-unprecedented-transformation\/"},"modified":"2026-07-13T18:58:27","modified_gmt":"2026-07-13T22:58:27","slug":"top-economists-and-ai-leaders-warn-of-unprecedented-transformation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-economists-and-ai-leaders-warn-of-unprecedented-transformation\/","title":{"rendered":"Top economists and AI leaders warn of &#8216;unprecedented transformation&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-economists-and-ai-leaders-warn-of-unprecedented-transformation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2629294&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A recent joint statement signed by nearly 200 AI and economic experts emphasizes the urgent need for policymakers, technologists, and economists to prepare for the profound economic transformations expected from artificial intelligence over the next decade. The document warns that AI could become substantially more powerful, potentially leading to unprecedented economic shifts comparable to the Industrial revolution, but occurring over a much shorter period.Concerns include the displacement of jobs and societal impacts. <\/p>\n<p>Signatories like former Google CEO Eric Schmidt and Harvard economist Jason Furman highlight that the outcomes depend heavily on societal responses and governance, emphasizing the importance of intentional, collective decisions rather than relying solely on market forces. They advocate for establishing incentives, regulations, and institutions to ensure AI benefits society, enhances living standards, and prevents leaving most citizens behind. <\/p>\n<p>The current U.S. administration and bipartisan lawmakers are actively working on legislation to regulate AI and protect minors online. While some experts contend that AI may not cause critically important job losses, the consensus is that proactive measures are necessary to navigate AI&#8217;s risks and rewards effectively. Prominent figures, including Nobel laureates Daron Acemoglu and Ben Bernanke, underscore the importance of early readiness to harness AI\u2019s potential benefits responsibly.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<figure class=\"wp-block-image size-full\">FILE \u2013 Pages from the Anthropic website and the company\u2019s logo are displayed on a computer screen in New York, Feb. 26, 2026. (AP Photo\/Patrick Sison, File)<\/p>\n<p>&#8221; data-image-caption=&#8221;<\/p>\n<p>FILE \u2013 Pages from the Anthropic website and the company\u2019s logo are displayed on a computer screen in New York, Feb. 26, 2026. (AP Photo\/Patrick Sison, File)<\/p>\n<p>&#8221; data-large-file=&#8221;https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/\/2026\/07\/localimages\/AP26182544649628_77237b.jpg?w=696&#8243; &#8220;https:><figcaption class=\"wp-element-caption\">FILE \u2013 Pages from the Anthropic website and the company\u2019s logo are displayed on a computer screen in New York, Feb. 26, 2026. (AP Photo\/Patrick Sison, File)<\/figcaption><\/figure>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/?s=artificial+intelligence\">AI<\/a> and economic experts signed a joint <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.wemustactnow.ai\/\">statement<\/a> calling for action from economists, policymakers, and technology leaders to prepare for an unprecedented transformation of the economy from artificial intelligence.<\/p>\n<p class=\"wp-block-paragraph\">The <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.wemustactnow.ai\/\">statement<\/a>, with almost 200 signatories, said that \u201cAI may become radically more powerful over the next 10 years.\u201d<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4644278\/us-dodge-biden-level-inflation-despite-iran\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>US set to dodge Biden-level inflation despite Iran disruptions<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4644757\/house-comes-back-impasse-save-america-act\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Johnson confronts GOP rebellion over SAVE America Act as House returns to Washington<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/4631354\/august-2026-social-security-direct-payment-19-days\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>August Social Security direct payment worth $994 goes out in 19 days<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">It said that AI could drive an \u201cunprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame,\u201d possibly leading to the displacement of workers.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">\u201cWe don\u2019t know what AI will deliver, and we certainly don\u2019t know what superintelligence will bring, but we know that it is coming fast,\u201d former <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/?s=google\">Google<\/a> CEO Eric Schmidt, one of the signatories, said in a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.linkedin.com\/posts\/eric-e-schmidt_ex-google-ceo-what-artificial-superintelligence-activity-7351653854167408640-0XJO\/\">LinkedIn post<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">Other signatories include former President Obama\u2019s chief economist and current Harvard professor, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/?s=Jason+Furman\">Jason Furman<\/a>, <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/?s=Anthropic+\">Anthropic<\/a> cofounder Jack Clark, and top AI researcher Yoshua Bengio.<\/p>\n<p class=\"wp-block-paragraph\">The statement said that AI could also generate major gains in living standards and increases in wealth due to productivity.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cWe must be intentional and make collective, democratic choices, rather than letting market forces play out and risking leaving most citizens behind,\u201d Bengio posted on <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/x.com\/Yoshua_Bengio\/status\/2076675417038073967\">X<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">MIT economics professor David Autor, one of the signatories, said the results don\u2019t depend on the technology itself, but rather on the response from society and the government.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThey depend on the societal institutions and policies we build to share the gains and redress the costs,\u201d Autor told the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.wsj.com\/tech\/ai\/economists-weigh-in-on-the-future-of-work-and-ai-f59311e9?st=DQTFjz&#038;reflink=desktopwebshare_permalink\"><em>Wall Street Journal<\/em><\/a>. \u201cThe United States does not have a glorious history of doing either. We are currently unprepared.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\u201cEconomists, policymakers and technology leaders must act now to understand the economics of transformative AI and to build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society,\u201d the statement reads.<\/p>\n<p class=\"wp-block-paragraph\">The current administration has made a concerted effort to address the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2026\/06\/fact-sheet-president-donald-j-trump-promotes-advanced-artificial-intelligence-innovation-and-security\/\">AI revolution<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">Members of the House of Representatives have also introduced bipartisan legislation, including the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4604001\/pitfalls-bipartisan-great-american-ai-act-regulations\/\">Great American AI Act<\/a> and regulations to protect children from these technologies, such as the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4618953\/house-deal-pornography-user-age-verification-social-media-protections-minors\/\">Kids Internet and Digital Safety Act<\/a> and the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/technology\/4621426\/senators-bipartisan-bill-safeguard-kids-ai-chatbots-self-harm-concerns\/\">SAFE KIDS Act<\/a>.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-4\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-4\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-25\" data-wex-ad=\"art-dsk-inart-4\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Although the risks and benefits are contingent on future policies, some economists believe there isn\u2019t sufficient evidence that AI will lead to a net loss of jobs.<\/p>\n<p class=\"wp-block-paragraph\">\u201cIt is possible that [AI] is reducing hiring in a few specific occupations and age groups,\u201d Furman told the <em>WSJ<\/em>.\u00a0 \u201cBut even that evidence is weak, and the aggregate magnitude of any labor market impact is small to zero.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Among the signatories urging preparation and prevention are Nobel Prize winners, including MIT economics professor Daron Acemoglu and former Federal Reserve Chairman Ben Bernanke.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-5\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-5\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-26\" data-wex-ad=\"art-dsk-inart-5\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts warn AI could transform economy rapidly, urging action<\/p>\n","protected":false},"author":4335,"featured_media":2629295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/AP26182544649628_77237b.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32357,13123,11458],"class_list":["post-2629294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-artificial-intelligence","tag-economics","tag-technology"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/07\/AP26182544649628_77237b.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2629294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/4335"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2629294"}],"version-history":[{"count":2,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2629294\/revisions"}],"predecessor-version":[{"id":2629297,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2629294\/revisions\/2629297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2629295"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2629294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2629294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2629294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}