WorkThe story, in brief
Could AI create a ‘permanent underclass’?
AI could bifurcate the labour market into a permanent underclass—and San Francisco's hyperbole might be onto something.
The KeyNews take
Why it matters
The workforce impact story: AI adoption risks creating structural inequality in labor markets, not just job displacement but a two-tier economy where some workers gain while others face permanent disadvantage.
The key facts
4 to knowFT analysis of AI-driven labor market bifurcation
Risk of permanent underclass formation from AI adoption
San Francisco tech industry narrative on labor impact
Published August 2026 — forward-looking analysis
Go to the source
Financial Times Technologyft.com
Publisher excerpt: San Francisco’s language is hyperbolic — but the technology could bifurcate the labour market