'Black Swan' Author Nassim Taleb Says AI Will Trigger a ‘Collapse in Hiring’ Before Mass Layoffs: ‘Existing Jobs Are Sticky’
Author Nassim Nicholas Taleb stated that the initial economic impact of artificial intelligence will result in a “collapse in hiring” rather than immediate mass layoffs.
The ‘Stickiness’ of Existing Jobs
The author took to the social media platform X to outline his perspective on how artificial intelligence will affect the broader labor market. According to Taleb, workers currently holding positions are temporarily shielded from direct displacement due to the entrenched nature of their employment.
“The AI impact won’t be felt immediately through layoffs (existing jobs are sticky),” Taleb wrote in an Oct. 26 post. Taleb, whose profile notes a focus on “probability (real life)” and “probability (mathematics),” asserted that the primary disruption will occur in the creation of future roles.
He stated that the technological effect will manifest “through a collapse in hiring,” explaining his economic reasoning by adding that “jobs that don’t yet exist have no stickiness.”
Workforce Vulnerabilities Over AI Intelligence
In a preceding post dated Oct. 24, which Taleb embedded alongside his recent comments, he argued that the fundamental issue regarding AI integration lies with the limitations of human workers rather than the capability of the technology itself. Taleb explicitly dismissed the notion that artificial intelligence possesses genuine intellect.
“The problem isn’t that AI is intelligent. It isn’t,” Taleb stated.
Instead, Taleb directed his critique at the behavioral and professional traits of the modern workforce. He claimed that “too many adults (but not all)” exhibit characteristics that make them highly vulnerable to automation. Taleb described these individuals as being “mechanistic, imitative, unimaginative, stupid, formulaic, influenceable, & gullible”.
Concluding his assessment of why certain workers face long-term threats from AI adoption, Taleb characterized this specific segment of the labor pool as being “arrogant beyond their skill set, & too expensive to maintain.”
How To Add AI-Exposure to the Portfolio?
Here’s a list of some AI-linked ETFs that can provide AI exposure to investors in their portfolio.
| Stocks | YTD Performance | Six Months Performance | One Year Performance |
| iShares Future AI & Tech ETF (NYSE:ARTY) | 43.28% | 14.65% | 43.01% |
| Roundhill Generative AI & Technology ETF (NYSE:CHAT) | 30.75% | -0.09% | 21.61% |
| Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) | 22.47% | 16.41% | 21.95% |
| WisdomTree AI and Innovation Fund (BATS:WTAI) | 25.7% | 5.84% | 21.05% |
| iShares Semiconductor ETF (NASDAQ:SOXX) | 58.79% | 8.44% | 64.3% |
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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