What was claimed
Researchers mathematically proved that AI will destroy the middle class. Labor income converges to zero; if 50% of the human workforce stopped working tomorrow, global GDP wouldn't drop. Human labor will no longer drive economic growth.
Our verdict
InaccurateThe research discusses possible declines in labor’s share of national income and wage pressure, but it does not conclude that labor income converges to zero. No cited authoritative source supports this counterfactual. The IMF instead models AI-driven productivity and output changes while retaining substantial labor-market effects and transition costs.