June’s unemployment data revealed a spike for recent college grads, hitting 5.8%—higher than the national rate for the first time in 45 years. This is the canary in the coal mine.
Anthropic CEO Dario Amodei warned AI could slash half of white-collar entry-level jobs in the next 1-5 years, pushing unemployment to 10-20%.
Washington is pushing a 10-year moratorium that blocks states from regulating AI. The so-called Big Beautiful Bill sidelines AI oversight just as risks mount. 
The moratorium is wild. AI is evolving fast. Nobody knows what answers these models will spit out in a year, let alone a decade.
This hands-off move ignores stark warnings from experts and history lessons on unchecked tech running amok.
Elon Musk recently said AI has a 20% chance to annihilate humanity. Top AI developers at a recent conference pegged a 10% chance AI could kill half of humanity within 20 years.
The fallout? If Amodei’s predictions are right, social upheaval is coming. States could go bankrupt under unemployment strains. The federal government won’t bail out with a debt-to-GDP ratio over 120%.
Here’s what needs to happen:
- Scrap the 10-year AI regulation moratorium
- Pass a federal law mandating AI-content watermarking and criminalizing AI fraud
- Set up a bipartisan commission on productivity sharing as AI reshapes jobs
- Launch US-China talks on shared AI safety protocols
This isn’t radical. It’s urgent.
The first signs of AI-driven disruption are here. Ignoring them won’t end well.
Dario Amodei, CEO of Anthropic, stated:
"Artificial intelligence could wipe out half of all entry-level, white-collar-jobs and spike unemployment to 10-20% in the next one to five years."
Elon Musk stated:
"There was a 20% chance AI could wipe out humanity."
Top AI developers at a private conference agreed:
"AI has a 10% chance of killing half of humanity in the next 20 years."
The US must act fast and regulate AI before it’s too late.
