Dear Direct Response Letter Subscriber:

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The question asked in the 11/1/25 Smerconish poll was: "Is the innovation and potential growth from AI development worth the risk of job displacement?"

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Result: 55% of respondents said they worry that the risk of AI taking away jobs outweighs the potential benefits of AI.

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In her book "Empire of AI," Karen Hao points out that AI is making an elite group of rich people even richer ...

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...even as computer scientist Professor Roman Yampolsky warns that AI could cause 99% of all workers to be unemployed in the next 5 years.

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My subscriber VM comments, "I think we should be critical of our expectation that people will do the right thing when we're breaking down the economy.

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"There are not enough ways to make enough money to live, with housing costs bubbling up faster than human-scale business sectors, and international commerce having used undemocratic countries to depress wages.

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"Even though AI-produced work is crap, its production rate and ability to earn revenue is currently faster than its costs to end users."

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She concludes--correctly IMHO—that: "People who are denied work are denied a social contract and have nothing left to care about but cashflow to stay alive."

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Regards,

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