Theia

Article

Big Tech's Fears of a Modern Luddite Revolt Amidst Automation and AI Job Losses

INDUSTRIAL IOT

Big Tech executives are increasingly worried about a backlash from the unemployed as automation and AI threaten jobs. Billionaires in Silicon Valley are investing in luxury bunkers in New Zealand and Hawaii, with costs ranging from $10 million to $50 million, as they prepare for a potential uprising against mass job losses.

Studies, including a 2023 McKinsey report, suggest that up to 800 million jobs could be eliminated globally by 2030. The perception of tech companies has deteriorated, with public trust dropping from 71% to 38% in the U.S. from 2015 to 2025, heightening the risk of social unrest.

Big Tech's Fears of a Modern Luddite Revolt Amidst Automation and AI Job Losses
Mar 10, 2026, 1:21 PM

No comments yet. Be the first to share your thoughts!