tech
Pope Leo is concerned about AI replacing human work. Traders share his concern long term
The leader of the Catholic Church warned about artificial intelligence upending the labor market. Traders on Kalshi see unemployment jumping before 2030.
TL;DR
- Pope Leo warned of a "social calamity" from AI-induced mass unemployment.
- He urged global regulation of AI and stated that the human person is an end, not a means.
- Kalshi traders have a 60% chance that U.S. unemployment will cross 8% before 2030.
- Traders assign a 47% chance of U.S. unemployment crossing 9% by 2030.
- There's a 78% chance traders believe AI is the No. 1 reason for job cuts in May.
- The Pope highlighted work's importance for human experience, expression, and community contribution.
- He warned of human and cultural impoverishment from widespread forced inactivity.