{"id":254121,"date":"2026-05-22T11:15:00","date_gmt":"2026-05-22T15:15:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/22\/artificial-intelligence-could-potentially-eliminate-thousands-of-jobs-in-new-york-city-city-official-says\/"},"modified":"2026-05-24T10:30:47","modified_gmt":"2026-05-24T14:30:47","slug":"artificial-intelligence-could-potentially-eliminate-thousands-of-jobs-in-new-york-city-city-official-says","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/22\/artificial-intelligence-could-potentially-eliminate-thousands-of-jobs-in-new-york-city-city-official-says\/","title":{"rendered":"Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says"},"content":{"rendered":"

Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says<\/a><\/p>\n

https:\/\/www.wwaytv3.com\/artificial-intelligence-could-potentially-eliminate-thousands-of-jobs-in-new-york-city-city-official-says\/<\/a><\/p>\n

Publish Date: 2026-05-22 11:15:00<\/a><\/p>\n

Source Domain: www.wwaytv3.com<\/a><\/p>\n

(ABC) \u2014 The top financial officer in New York City on Thursday warned that artificial intelligence\u00a0could put thousands of workers in the nation\u2019s largest metropolis out of a\u00a0job\u00a0as soon as this year, while acknowledging that the ultimate impact of AI remains uncertain.<\/p>\n

The only sure thing, New York City Comptroller Mark Levin said in a new\u00a0report: AI promises a \u201cradical transformation\u201d in the globe\u2019s financial capital, influencing everything from wages to pension payments to Wall Street profits.<\/p>\n

Levin, a Democratic former New York City Council member, predicted a range of scenarios both positive and negative, gauging the likelihood of outcomes as bullish as a broad-based productivity boom and as detrimental as mass layoffs.<\/p>\n

City policymakers stand to play a central role in the technology\u2019s ultimate fate, Levin added, calling for urgent steps like creating a multi-billion dollar financial cushion in case economic calamity strikes.<\/p>\n

\u201cThere is no city in America \u2013 and perhaps none on earth \u2013 more exposed to both the promise and peril of artificial intelligence than New York City. And there are few places with more power to steer the transformation ahead,\u201d Levin said in the report.<\/p>\n

New York City hosts \u201chundreds of firms competing to make New York the capital of applied AI,\u201d Levine added, as well as roughly one million workers who labor in Manhattan office towers, many of whom stand at risk of AI disruption. The high stakes exemplify a reckoning likely to play out in cities nationwide, he said.<\/p>\n

\u201cUncertainty is not an excuse for inaction,\u201d Levin said, saying local policies should complement much-needed efforts at the federal level. \u201cWe are not helpless.\u201d<\/p>\n

The report comes as the\u00a0stock market\u00a0and the economy overall have both come to increasingly rely on massive spending on AI to propel continued growth, even as companies warn of job losses tied to the technology.<\/p>\n

A wave of thousands of job cuts attributed to artificial intelligence…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says…<\/p>\n","protected":false},"author":1,"featured_media":254122,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/wpcdn.us-east-1.vip.tn-cloud.net\/www.wwaytv3.com\/content\/uploads\/2026\/05\/k\/e\/mgn-1280x960-80117c00-ucxcw.png","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-254121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/254121"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=254121"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/254121\/revisions"}],"predecessor-version":[{"id":254123,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/254121\/revisions\/254123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/254122"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=254121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=254121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=254121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}