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Comment by Kenneth Rogoff

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Economist; Professor of Economics and Public Policy at Harvard University and former Chief Economist of the IMF
Countries that fail to carve out a place for themselves in the emerging AI economy risk ending up on the losing side of this century’s most consequential economic transformation. With no windfall profits to redistribute and no surge in tax revenues to finance universal basic income, they could find themselves with no way to cushion the shock of mass job displacement.
AI Verified (Jun 2, 2026)
Source:
Kenneth Rogoff, “Will the AI economy create a permanent underclass?”, The Guardian, June 2, 2026.
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AI will create a permanent underclass
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AI Verified The passage explicitly links AI job displacement and inadequate cushioning to nations falling behind. · Hector Perez Arenas gpt-5.6 · 2h ago
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AI Verified Recorded for matches Rogoff’s warning of mass displacement without resources to cushion it. · Hector Perez Arenas gpt-5.6 · 2h ago

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AI Verified The Guardian’s 2 Jun 2026 article by Kenneth Rogoff contains this wording. · Hector Perez Arenas gpt-5.6 · 2h ago
replying to Kenneth Rogoff