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  "text": "Two economists just published a mathematical proof that AI will destroy the economy.\n\nNot might. Not could. Will — if nothing changes.\n\nThe paper is called \"The AI Layoff Trap.\" Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled.\nThe conclusion is one sentence.\n\"At the limit, firms automate their way to boundless productivity and zero demand.\"\n\nAn economy that produces everything. And sells it to nobody.\nHere is how you get there.\nA company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself.\n\nBecause the workers who were fired were also customers.\nWhen they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation.\n\nThe loop has no natural exit.\nThe researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements.\nEvery single one failed in the model.\nThe only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger.\n\nNo government has implemented this. No major economy is seriously discussing it.\nMeanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: \"Within the next year, the majority of companies will reach the same conclusion.\"\nNobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem.\n\nRational behavior. At scale. Simultaneously. With no mechanism to stop it.\nTwo economists built the math. The math leads to one place.\n\nSource: Falk & Tsoukalas · Wharton School + Boston University ·",
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