‘Zero evidence’ of AI-related job losses: Apollo economist says a 160-year-old paradox explains why the doomsayers got it wrong
The robots aren’t taking your job, at least not yet. That’s the bold takeaway from Apollo Global Management‘s chief economist, who said the data tells a story that cuts against years of AI-driven anxiety in the labour market.
Torsten Slok, Partner and Chief Economist at Apollo, published a note last week pointing to weekly ADP employment data showing “zero evidence of job losses because of AI.” Far from displacing workers, the AI boom appears to be generating demand for labour and pushing wages higher in key sectors, he argued.
