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Economist: AI is creating jobs, not destroying them

Apollo Global Management's chief economist, Torsten Sløk, argues that there is no evidence of AI-driven job losses, citing employment data that suggests AI is actually creating jobs and boosting inflation. He believes the current technological revolution, similar to the Jevons paradox, is increasing demand for human workers, particularly those with AI skills, and driving growth in areas like data center construction. This perspective contrasts with many industry leaders who have attributed workforce reductions to AI efficiencies and warned of widespread job displacement. AI

IMPACT Challenges the prevailing narrative of AI-driven job displacement, suggesting it may actually be a net job creator.

RANK_REASON The article presents an opinion from an economist about the impact of AI on jobs, rather than a new release or significant industry event.

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Economist: AI is creating jobs, not destroying them

COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Emma Burleigh ·

    Apollo chief economist says there’s ‘zero evidence’ AI is killing jobs—in fact, he says it’s creating them

    Torsten Sløk, chief economist at Apollo, says AI will only create more jobs for human workers—even as companies tie their layoffs to the tech.