Senator Mark Warner on AI's Risks: 'I Am Terrified.'

The Gist

• Government Isn’t Ready. Sen. Mark Warner warns that neither policymakers nor society are prepared for AI’s near-term economic disruption.
• Early Job Signals Are Emerging. Firms are already cutting hiring, internships and back-office roles as AI begins replacing knowledge work.
• Policy Response Is Lagging. Current legislative efforts remain incremental despite the potential for rapid, large-scale workforce impact.

Senator Mark Warner seemed worried. Sitting in his office in Washington D.C., the three-term legislator from Virginia leaned forward, looked into his computer and told me he didn’t believe the government, or anybody for that matter, was prepared for what might happen if AI reaches its potential.

“I don’t think the government’s ready. I don’t think society’s ready,” Warner said. “Short term, next three to five years, the economic disruption is going to be — I just think we are not ready at all.”

Warner is widely regarded as one of the most read-in U.S. lawmakers on technology issues, and I reached out to him after having a few recent unsettling conversations with AI-insiders who seem certain we’re under-appreciating AI’s potential near term impact. If there’s even a small chance that AI takes over swaths of knowledge work in the coming years, and that leads to job loss, the government should be right now working on plans to mitigate the downsides. Warner’s assessment wasn’t exactly reassuring.

Table of Contents

• AI Job Disruption Is No Longer Theoretical
• Washington Scrambles to Keep Up With AI Policy

AI Job Disruption Is No Longer Theoretical

“We’re at about 9% recent college graduate unemployment. I think that number will actually go to 30%,” Warner said. “To say government’s not ready would be an understatement.”

Multiple firms have already told Warner they’re using the technology to reduce their employee numbers, he said. One law firm is no longer taking on first year associates (“Going to take a pause,” Warner said, “and see how this works out before they even hire.”) Another midsized firm has reduced its back office team from 23 people to three. More “big brand name firms,” Warner said, are cutting internships in half or doing away with them altogether.

To be sure, the near-term predictions of mass job loss after ChatGPT’s debut have yet to come to fruition. Three years later, the U.S. unemployment rate is a not-disastrous 4.4%. But ever more capable AI makes the potential issues impossible to ignore.

Related Article: Agentic Customer Experience Ambition Is Rising — Enterprise Readiness Is Not

Washington Scrambles to Keep Up With AI Policy

In Washington, where legislators can barely keep the country’s airports open, part of what’s working against AI literacy is the complexity of the issues. “I think most members — and this is a human reaction — if you don’t get it and it seems too complicated, you want to try to punt on that,” Warner said.

Still, there are a few ongoing efforts that Warner and his colleagues are involved in that are, at least, a start. Warner and Senator Josh Hawley, for instance, recently introduced a bill that requires corporations and the federal government to report AI-driven job loss to the Bureau of Labor Statistics. And Warner and Senator Mike Rounds recently introduced the Economy of the Future Commission Act, which would generate policy suggestions to mitigate AI’s potential shock to the job market.

“They are, self-acknowledging here, small incremental steps when it very much could be the holy shit moment,” Warner said.

Asked if Congress is ready to meet the speed of AI’s progress with fast action of its own, Warner didn’t mince words. “I want to be more optimistic,” he said. “But I am terrified.”