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AI job displacement fears are overblown hysteria that ignores economic reality. Most jobs exist due to government regulations and human preferences, not actual necessity, making them immune to automation. Historical data show that technology always creates more opportunities than it destroys, and economic growth from AI will generate massive wealth for redistribution.
AI threatens to eliminate half of entry-level jobs within five years, destroying the traditional career ladder that built American corporate success. Tech companies are already cutting new graduate hiring by 50%, leaving an entire generation without pathways to advancement while concentrating wealth among AI owners.