Even if AI creates utopian jobs in the future, there is no plan for the interim period. The displacement of millions of workers, like older truck drivers, will lead to an economic and social disaster long before new roles are accessible to them.

Like the Industrial Revolution, AI will ultimately be a net creator of jobs by enabling new business models. The critical societal risk is the interim period where job losses are immediate, but the creation of new industries lags, potentially leading to social unrest and political backlash.

The classic argument that technology always creates new jobs is flawed when applied to AGI. Previous inventions like the tractor automated a single sector. AGI, by its nature, automates all forms of human cognitive labor—from finance to programming—simultaneously, overwhelming society's capacity to retrain and adapt.

Tech leaders cite Jevon's Paradox, suggesting AI efficiency will create more jobs. However, this historical model may not hold, as the speed of AI disruption outpaces society's ability to adapt, and demand for knowledge work isn't infinitely elastic.

Contrary to fears of whiplash, a fast and decisive technological shift like AI will likely lead to quicker labor market adjustments. Slower transitions cause people to cling to disappearing jobs, slowing adaptation, whereas a rapid change forces a quicker reallocation of labor.

Unlike past technological shifts where humans could learn new trades, AI is a "tractor for everything." It will automate a task and then move to automate the next available task faster than a human can reskill, making long-term job security increasingly precarious for cognitive labor.

Experts believe AI will create long-term prosperity, like past tech shifts. However, the unprecedented speed of this change could cause massive short-term unemployment before new roles and economic structures can emerge, posing a unique transitional threat.

Past technological shifts occurred over decades, allowing labor markets to gradually adjust. AI's disruption is happening over years, a speed that historical models can't account for. This compressed timeline means new jobs and retraining won't happen fast enough, demanding immediate policy interventions like expanded capital ownership.

Unlike gradual agricultural or industrial shifts, AI is displacing blue and white-collar jobs globally and simultaneously. This rapid, compressed timeframe leaves little room for adaptation, making societal unrest and violence highly probable without proactive planning.