How To Fuel An Entrepreneurship Revival To Save America From AI-Driven Job Loss
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How To Fuel An Entrepreneurship Revival To Save America From AI-Driven Job Loss
Why there will be a groundswell of new small businesses and how the Trump administration can help them flourish.
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We are in the middle of a great labor migration.
Artificial intelligence was responsible for the elimination of 55,000 jobs in 2025, according to consulting firm Challenger, Gray & Christmas. This trend will only accelerate as computer learning matures.
About 20 percent of the global workforce will be displaced by AI by 2030, according to the Journal of Future Studies. The word “displace” is important. It suggests that the nature of employment will change, not that those jobs will disappear. Doomsayers who fear employment extinction will only be right in specific instances like entry-level coding positions, but the general workforce will most certainly have to adapt to this emergent tool, much like when we first got access to the internet.
Encouraging Entrepreneurship
Due to these circumstances, people will be more willing than ever to accept the risk of starting new businesses, and their need for both mentorship and access to capital will be key to their success. This could be incredibly good for the consumer, as it would naturally pull us away from the consolidation trend we have seen for the past several decades. It would........
