Fear Of Job Loss Hits A 13-Year High, Concentrated Among Higher Earners

The New York Federal Reserve’s Survey of Consumer Expectations found that 44.4 percent of respondents expect unemployment to rise over the next year, the highest reading since tracking began in 2013, while only 51.8 percent believe they could find a new job after a layoff. The anxiety is concentrated among households earning over 100,000 dollars, a segment historically considered AI-insulated.

Reported by: 24/7 Wall St.

Norm's Take

The fear has moved to exactly the talent segment, senior individual contributors and mid-level managers, that is most costly to replace and most able to leave first. Retention strategy built for frontline attrition will not address this population.

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Norm Murray, CEO and Founder of Norm E. Murray
About the author
Norm Murray
AI Leadership Advisor · Psychologist · Economist
Norm advises CEOs, boards and senior leaders on the psychology and economics of AI adoption: what AI does to leaders and organizations, not just what it does. He has led global businesses across multiple continents and writes The Norm Report for executives navigating the AI shift.
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