Economist Justin Wolfers Warns AI Could Leave Workers Earning ‘Two Pennies an Hour’ While OpenAI Gets ‘Infinitely Rich’

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economist Justin Wolfers warned that artificial intelligence could eventually eliminate most jobs, leaving workers competing for wages "two pennies an hour above subsistence" while a AI developers like OpenAI grow "infinitely rich" off the technology. 'They Forgot to Ask' Wolfers, in his podcast 'The Professor Is In,' released Monday, said AI has given new urgency to the case for universal basic income, calling it a payment society is owed rather than a form of redistribution. He noted that companies like OpenAI, Anthropic, Alphabet Inc., and Microsoft Corp.