As fears grow that artificial intelligence could wipe out white-collar jobs, Andreessen Horowitz general partner David George argues the technology could instead fuel a new wave of economic growth, higher productivity, and new industries.

In a blog post published on Wednesday, George argued that fears of an AI “job apocalypse” rely on what economists call the “lump-of-labor” fallacy, the idea that there is a fixed amount of work available in the economy.

“The problem with that premise is that it defies everything we know about people, markets, and economics. Human wants and needs are anything but fixed,” George wrote. “Keynes famously predicted almost a century ago that automation would lead to a 15-hour work-week, but of course Keynes was wrong. He was right that automation created a 'labor surplus,' but rather than just sit back and enjoy the ride, we found new and different productive endeavors to fill our time.”

CEOs, including SpaceX’s Elon Musk, and Anthropic CEO Dario Amodei, have warned that AI could dramatically reduce the need for some white-collar workers in the coming years. At the same time, Economists at the IMF and World Economic Forum have also projected that AI could significantly reshape global labor markets, with entry-level job postings in the US decreasing by 35% over the last two years due to AI adoption.



George argues that those concerns focus too heavily on task replacement while overlooking how productivity gains historically create new industries and economic demand.

“If automation caused permanent unemployment, the tractor should have broken the labor market forever,” he wrote. “Instead, farm output almost tripled, which supported a massive increase in population—and far from being permanently unemployed, those workers flowed into previously unimagined industries, factories, stores, offices, hospitals, labs, and eventually services and software.”

George also argued that AI is boosting demand for some technical workers. He pointed to hiring and wage data showing continued growth for software developers and systems-design workers despite the rise of AI coding tools.

“Software Development jobs (both by count, and a percent of the overall job market) have been increasing since the beginning of 2025,” George wrote. “Is that because of AI? Truthfully, it’s probably too soon to tell, but AI most definitely augments the work of software engineering, not to mention that AI is top-of-mind for every executive at every company.”

George acknowledged that some occupations are likely to shrink as AI improves.

“To repeat, none of this means every role survives intact,” he wrote. “The BLS expects customer service representatives and medical transcriptionists to decline, and perhaps that decline is already underway.”

The debate comes as companies increasingly use AI to automate office work, and economists remain divided over which trend will ultimately dominate as AI adoption accelerates. In February, Microsoft AI CEO Mustafa Suleyman predicted that most white-collar tasks could be automated within two years, while Robinhood CEO Vlad Tenev has argued AI will create a "Job Singularity" with new industries, businesses, and forms of employment.

Last month, OpenAI CEO Sam Altman criticized Dario Amodei for what he described as “fear-based marketing” around AI job loss and safety risks.

“You can justify that in a lot of different ways, and some of it’s real, like there are going to be legitimate safety concerns," Altman said. “But if what you want is like 'we need control of AI, just us, because we’re the trustworthy people', I think fear-based marketing is probably the most effective way to justify that."

Despite ongoing fears that AI could replace human workers, George argued that the technology will ultimately be a benefit.

“The future is cheaper intelligence, bigger markets, new firms, new industries, and higher-order human work,” George wrote. “There is no fixed amount of work, let alone a fixed amount of cognition, and there never was. AI is not the end of work. It is the beginning of abundant intelligence.”

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