Since ChatGPT’s launch, jobs have shrunk and stocks have surged. But is AI really to blame?

Since November 2022, when ChatGPT launched, it promised productivity and agility — but what if it’s rewriting the economy instead? A widely circulated chart based on this assumption has sparked intense debate about the state of the American economy.

The chart, nicknamed as the “scariest chart in the world,” has claimed that since the OpenAI chatbot’s debut, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%.