AI Reports · Harvard · 2026-09-29 · Blog / commentary
Why AI hasn’t triggered mass layoffs — yet
Experts say AI can already do some jobs, but CEOs have good reasons to keep people on the payroll. News reports of AI-related layoffs have increased this year, while the unemployment rate remains around 4.1 percent. Harvard Kennedy School economist Doug Elmendorf argues that current AI effects on the labor market say little about what will happen in five to fifteen years.