Why AI job losses could tank stocks, make basic income a reality: Carson Block

Why AI job losses could tank stocks, make basic income a reality: Carson Block

Carson Block is the founder of Muddy Waters Capital.Bloomberg/Getty ImagesSweeping job losses from AI could pull down stocks and spark a crisis, Carson Block says.The short-seller explained on a podcast how higher unemployment could trigger market outflows.He predicted AI will result in the "underclass" not working and living on a universal basic income.Sweeping job losses from AI could trigger a domino effect that tanks the stock market and mak…