AI could trigger a layoff trap that even smart CEOs can't escape

Two economists, Gerry Tsoukalas and Brett Falk, warn that companies could be self-destructing by replacing workers with AI and eroding consumer demand. ADEK BERRY / AFP via Getty Images Companies could be self-destructing by replacing workers with AI, two economists warned. The World Economic Forum said that AI's disruption is outpacing traditional reskilling efforts. Economists suggest taxing AI workforce replacement and subsidizing employee retention. Economists are warning that AI could…