Top CEOs Warn of White-Collar Job Crisis from AI Revolution: Up to 50% Entry-Level Job Losses Predicted in US Workforce

Leading CEOs and AI experts warn of a looming white-collar job crisis in the US, with potential losses of up to 50% of entry-level jobs due to rapid AI advancements. Industry giants such as Amazon and Walmart have publicly confirmed expectations of significant workforce displacement. Despite warnings, the White House and Congress remain focused on technological competition with China and long-term economic benefits of AI, sparking calls for accelerated government action to prepare American workers for the transitional challenges ahead.

A new $100,000 fee for skilled worker visas introduced by President Donald Trump is expected to significantly impact the U.S. economy, analysts have warned. The White House confirmed the immediate implementation of this levy for companies requesting to bring in skilled workers from abroad via the H-1B visa program Trump's $100k visa fee for skilled workers puts US at risk of recession, analysts warn^[1].

The move is set to have a substantial impact on the technology sector, which heavily relies on importing talent from overseas. Investment bank Berenberg has slashed U.S. growth forecasts for this year from 2% to 1.5%, attributing this to the new policy Trump's $100k visa fee for skilled workers puts US at risk of recession, analysts warn^[1]. Economist Atakan Bakiskan described the policy as another anti-growth measure, stating that it could lead to a labor force shrinkage rather than expansion Trump's $100k visa fee for skilled workers puts US at risk of recession, analysts warn^[1].

Bakiskan warned that even the current growth forecast of 1.5% may soon seem optimistic, citing additional factors such as eroding trust in institutions, a loss of human capital, tariffs, chronic uncertainty, and unsustainable fiscal policies. He further suggested that the policy could set a path for a weaker dollar and higher long-term yields Trump's $100k visa fee for skilled workers puts US at risk of recession, analysts warn^[1].

In contrast, the UK is considering reducing visa fees for skilled workers, aiming to attract top talent in various fields. Prime Minister Keir Starmer is reportedly looking into cutting fees for a fast-track visa to settlement in the UK, which currently costs £766 to apply for . This move is seen as a response to the increasing competition for skilled labor.

Market analysts have noted that the new U.S. visa fees could prove challenging for tech and finance companies, potentially weighing on their share prices. Amazon, which employs 14,000 people on H-1Bs, is among the companies expected to be affected .

As the U.S. grapples with potential economic headwinds, industry leaders and AI experts are warning of a looming white-collar job crisis due to rapid AI advancements. Companies like Amazon and Walmart have publicly stated expectations of significant workforce displacement. Despite these warnings, the White House and Congress remain focused on technological competition with China and the long-term economic benefits of AI, sparking calls for accelerated government action to prepare American workers for the transitional challenges ahead.