The AI revolution is creating unprecedented wealth concentration where a small group of early employees and investors capture generational fortunes while tens of thousands of workers face job losses, particularly in entry-level positions; this pattern mirrors the Gilded Age when workers' collective resistance through strikes and protests forced reforms like antitrust laws, income tax, and labor protections, suggesting that meaningful AI-era wealth redistribution will similarly require sustained worker pressure rather than voluntary corporate initiatives.
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People are finally starting to push back...Added:
Just last month, 150 journalists walked off the job at ProPublica, the first major newsroom in American history to strike over AI. Two days later, a 20-year-old man drove all the way from Texas to Sam Alman's house, and threw a moltoff cocktail at his front gate at 4:00 a.m. This was just a side quest, though, because then he drove to OpenAI's headquarters, tried to smash his way in with a chair, and light the place on fire with a bunch of kerosene and explosives in his backpack. And while all this was going on downstairs, 75 Open AAI employees just walked away with $30 million each after selling their stakes in the company before it's even IPOed. Just kidding. The private share sale actually happened in October last year, but my point still stands.
Overall, we're beginning to see a pattern. Fewer and fewer people at the top of org charts getting insanely wealthy with AI, while more and more juniors at the bottom are struggling to even get hired. A pattern this big doesn't just go away. Something has to give. So, are we at the beginnings of a genuine revolution, or is this just noise? In this video, we're going to be looking at what's happening, who's fighting back, and what some of the biggest names in tech are now saying needs to change in our economy. It's May 2026, and you're watching the Career Report.
So, you probably already know the entry-level job market is [ __ ] And a new Stanford study titled Canaries in the Coal Mine very much confirms the narrative. Workers aged 22 to 25 in jobs exposed to AI down 13% in employment since Chat GPT came out. Junior software devs down nearly 20%, but workers in their 30s, 40s, and 50s, they're doing totally fine. So, the corporate ladder didn't break, but it did get soared off at the bottom. And the people building the AI responsible for the soaring are admitting it themselves.
>> You've said AI could wipe out half of all entry-level white collar jobs and spike unemployment to 10 to 20% in the next 1 to 5 years.
>> Yes, that is that is that is the future we could see if we don't become aware of this problem. Now >> half of all entry-level white color jobs. If we look at entry-level consultants, lawyers, uh, financial professionals, you know, many of kind of the white collar service industries, a lot of what they do, you know, AI models are already quite good at.
>> Then we've got Mark Beni off the CEO of Salesforce. Also, I was able to rebalance my headcount on my support.
I've reduced it from 9,000 heads to about 5,000. And then there's Zak. 16 months ago, he went on Joe Rogan and said this. I think this year, probably in 2025, we at Meta, as well as the other companies that are basically working on this, are going to have an AI that can effectively be a sort of mid-level engineer that you have at your company that can write code. And then literally one week ago, Meta is laying off another 8,000 people. This year, Oracle's already cut 30,000. Amazon cut 30,000. Microsoft cut nearly 9,000. You could sell out Madison Square Garden more than four times over with the number of people that have been fired from just these four companies. And then they take that money that used to be your wages, they post massive record profits, and then commit to spending $725 billion on AI infrastructure in just this year alone. So, not only are they firing you because of AI today, but they're also using your unpaid wages to build even more AI for tomorrow. And that's exactly why it's beginning to look like the start of a revolution.
And it started in Hollywood. 2023, the writer strike. They didn't want to be forced to use AI. Then there was the actor strike. They didn't want to be digitally cloned without their explicit consent. Then in 2024, the video game voice actors went on strike for nearly a year. And now they get paid for every 300 lines of speech an AI generates using their voice. These were the first real wins, and it's starting to grow.
Last month, ProPublica, America's biggest investigative newsroom, walked out. They wanted their contracts to include a clause that says AI can't be used to justify layoffs. And that sentiment is now spreading way beyond journalism. Earlier this year, 15,000 nurses from New York wrapped up the longest nursing strike the city's seen in decades and walked away with the first ever AI safeguards in a nursing contract. Casino workers in Vegas negotiated a deal where anyone whose job gets eliminated by technology or AI gets paid $2,000 for every year they've worked there. At BP's refinery in Indiana, the company literally tried to force its 900 workers to sign away their legal rights to fight AI displacement.
And when they refused, BP locked them out and they're still locked out. And the New York Times union is fighting for 25% of every dollar the company makes off of AI deals with their journalism.
And of course, MANAGEMENT'S CURRENTLY SAYING, >> "NO, GOD, PLEASE NO. NO."
>> Workers across every industry are drawing a line, and the push back on AI is starting to be felt everywhere. Like in February, hundreds of people marched through London past OpenAI, Deep Mind, and Meta. In March, 200 protesters marched in San Francisco. Some have chained themselves to OpenAI's doors, and others have gone on hunger strike outside DeepMind's London office. And of course, there was the Altman Molotov.
Shit's getting real. Criticisms coming from everywhere. And what's funny and somewhat unexpected is who we're hearing agree with them.
>> And over the last 40 years, we've basically gotten to this completely upside down world where capital extracts all of the upside and labor has extracted less and less and less and less.
>> So the real problem isn't actually AI.
The real problem is how the economic value of AI is being distributed. And we already had massive wealth inequality.
Now AI is just making it even worse. We already touched on the 75 Open AAI employees getting paid 30 mil each for their shares. In February, Anthropic ran the same play. Investors offered to buy $6 billion worth of shares from their employees. And most of them said no.
They knew their shares were going to be worth way more once the company goes public. And then think about all the other companies we're seeing pop up.
Midjourney, the AI image company, 40 employees, 200 million in annual revenue and valued at 10 billion. Curser, an AI coding tool, set the fastest 0 to2 billion revenue run in the history of B2B software. And they did it with around 300 people. All this is happening in the same year where more than 78,000 tech workers lost their jobs in Q1.
You've got a couple hundred guys at the top of these AI companies making generational fortunes while tens of thousands of families are explaining to their kids why mom or dad just got laid off. And this isn't the first time we've seen this pattern play out. Late 1800s, America was going through its first major technology boom. Railroads, steel, oil, electricity. The entire economy got rewired in 30 years. And just like now, a tiny group of people figured out how to capture almost all the upside. Andrew Carnegie, John D. Rockefeller, JP Morgan, Cornelius Vanderbilt. And while these guys were getting filthy rich, workers were getting crushed. 14-hour workdays, 8-year-old kids working on the factory floors, unsafe, unhealthy jobs they were getting paid pennies to complete. The top 1% controlled almost half of every dollar in America until the workers fought back. Carnegie steel workers going on strike. 250,000 railroad workers walking off the job all at once. 150,000 coal miners going on strike for so long the president himself had to intervene. Eventually, the push back worked. The public got so angry that the federal government started cracking down. They passed antitrust laws, introduced the income tax, created the labor protections we still have today. And the rich dudes, once they realized they weren't just going to keep all their money for themselves, they started giving it away. Carnegie gave away $350 million before he died, building more than 2500 free public libraries. Rockefeller gave away more than half a billion, founding the University of Chicago and funding the medical research that wiped out hookworm and develops the yellow fever vaccine.
Some of this charity was genuine.
Carnegie literally wrote an essay called the gospel of wealth, arguing the rich had a moral duty to give it all away.
But most of it happened in a political environment where workers were striking, dying on the picket lines and forcing changes from below. So the libraries, hospitals, and universities we all see, they exist alongside antitrust laws, the income tax, and the labor protections we still have today. None of it happens without that bottomup pressure. Carnegie went and built libraries all throughout the country. Rockefeller built universities, hospitals were built. And I think what happened is society was like, "Wow, these are living testaments to us doing well." And so then they were okay with this transition.
But if you think about it today, what are the living tributes that, you know, capital builds and leaves behind for society? It's fewer and fewer. History doesn't repeat itself, but it always rhymes. Here's what's different this time, though. Carnegie built libraries.
Rockefeller did universities and hospitals. Zuckerberg did the metaverse.
Bezos built us a clock. So, the real question is, what's the wealth redistribution going to look like in the AI era?
The first big idea, universal basic income. funnily enough, Scam Altman actually funded the biggest UBI experiment in American history. 1,000 people, $1,000 a month for three years.
The results were kind of meh. 12K is obviously not enough to live on. So, people's lives weren't really changed.
But that actually made his point that straight cash isn't enough. His real pitch is supposedly universal basic compute where every American citizen owns actual equity in AI itself. So rather than say a hundred superw wealthy people owning an AI company, all of America gets to share in the profits.
Then there's the windfall clause which is an academic proposal out of Oxford and written by people inside of OpenAI and Google's DeepMind. The idea is to legally require AI companies to redistribute as they get bigger. So if any AI company were to capture 10% of the global economy, half of their profits have to go back to the public by law. Then we've got the tax route.
Elizabeth Warren just reintroduced a wealth tax this year. 2% on $50 million households and 3% on billionaires. This would earn 6.2 trillion in revenue over a decade. Bernie Sanders went even further. A 5% tax on billionaires, which would help fund a $3,000 check to every American making under 150k a year. Then there's public ownership, which is similar to Sam's idea, and Alaska's been doing this with the oil revenue since 1976.
Last year, every Alaskan resident got a $1,000 check. The year before, when oil revenue was higher, it was 1,700. And here's one of the wildest parts. Just last month, OpenAI itself published an official 13-page policy document called Industrial Policy for the Intelligence Age: ideas to keep people first. They're proposing things like a public wealth fund that gives every American automatic equity and AI companies a 4-day work week with no loss in pay and robot taxes. So, the company building the thing that's disrupting everything is literally telling the government, "Hey, you might want to tax us and give the money back to people." So, the proposals are all there. The thing that isn't is the pressure. Remember, in the Gilded Age, none of this stuff got passed because billionaires read a smart policy paper. It got passed because 250,000 railroad workers walked off the job.
Because coal miners struck so long, the president had to step in. Because people refused to keep working under conditions that made other people insanely rich.
We've got the early version of that pressure now. The strikes, the AI safeguards, the molotovs, but we're nowhere near the end game. There's still a tiny amount of people getting stupidly wealthy and a massive, massive amount of people getting laid off or struggling to get hired in the first place. The future is made today by us. If you want to secure your future and reduce your career anxiety, go check out Career Compass. We'll give you a full psychological breakdown, align you with careers fit for your personality, and then you get to actually try them out with our career simulations. Link below.
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