Famed billionaire tech investor Vinod Khosla believes that the US economy will witness a massive transformation in the coming years as AI eventually performs the majority of human jobs.
In a new interview with Fortune Magazine, Khosla says that in less than half a decade, AI will be able to do most jobs better than humans.
“Starting in about 2030, four years away, 80% of all jobs will be capable of being done by an AI. So whether you’re a physician, whether you’re a radiologist, whether you’re an accountant, whether you’re a chip designer, whether you’re a salesperson, AI will do your job better.”
In the near term, Khosla believes that the transformation will begin with humans working with AI assistants.
“There’ll be an interim period where every professional will have four AI interns. I think the initial model of AI deployment will be AI interns working for somebody who’s already a senior accountant or a physician or a big chip designer.”
As for AI’s impact on the US economy, Khosla says that labor will become essentially free.
“By the way, $15 trillion of the US GDP is labor. $15 trillion. That would mostly go away. That’s a hugely deflationary economy, something nobody’s planning on.”
Looking at the bright side, Khosla says Americans would be able to buy more with less amid a deflationary economy.
“So I would suspect by 2040, $30,000 will buy, and maybe $10,000 will buy much more than you can buy if you have a $100,000 income today.”
Macro guru Luke Gromen also sounded the alarm about AI’s deflationary impact on the economy. He warned that AI-driven deflation is fundamentally incompatible with America’s debt-based system, noting that a hollowed-out white-collar labor market would put tremendous pressure on consumer credit and banks.
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