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Economists and Nobel Laureates Release 'We Must Act Now' Call to Prepare for AI Economic Transformation

Signatories warn rapidly advancing AI could cause fast job losses unless governments build new policies to manage the change.

Overview

  • The statement was released Monday, July 13, 2026, and posted at wemustactnow.ai as a public call for immediate action on AI's economic effects.
  • Organizers Erik Brynjolfsson, Ajay Agrawal, Anton Korinek and Tom Cunningham gathered more than 200 signatories that include about 15–16 Nobel laureates and senior researchers from OpenAI, Anthropic and Google.
  • Signers say AI could drive an economic transformation larger than the Industrial Revolution but unfold in years rather than decades, compressing the time available for adaptation.
  • The statement asks economists, policymakers and tech leaders to deepen research now and to begin building policies and public institutions that help AI complement human work and share benefits widely.
  • If governments do not act, signatories warn of risks such as widespread job displacement and concentrated wealth, and they say early institution-building could shape whether AI raises living standards or widens inequality.