Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says
Publish Date: 2026-05-22 11:15:00
Source Domain: www.wwaytv3.com
- New York City Comptroller Mark Levin issued a report warning that artificial intelligence (AI) could lead to significant job losses in the city, with thousands of workers potentially affected as soon as this year.
- Levin emphasized that AI is set to bring a “radical transformation” to New York City, influencing sectors such as wages, pension payments, and Wall Street profits.
- The report explores several AI uptake scenarios, ranging from a positive “Productivity Boon” to more negative outcomes such as “AI Falls Flat,” predicting job losses, and “AI-Empowered Economy,” depicting moderate economic growth with job addition.
- Levin stressed the importance of proactive local policies to manage AI’s impact and to create a financial cushion in case of economic disruptions brought about by AI.
- The report argues that the city’s policymakers play a crucial role in steering the AI transformation, potentially influencing the national reckoning regarding AI’s effects on employment and the economy.
- The predictions come amidst a backdrop of significant AI investments relying on technological advancements, and companies facing both growth and job loss concerns linked to AI.
