Apollo’s top economist, Torsten Sløk, believes AI will spark a job-market boom. He argues AI could increase employment rather than reduce it, applying the concept of Jevons paradox, where greater efficiency lowers costs and expands demand. As AI makes services like legal and financial work cheaper, more people and businesses can use them, which may lead companies to grow and hire more workers. The main point is that AI-driven productivity gains could expand industries and create jobs, challenging predictions of widespread unemployment.
Apollo’s Top Economist Says AI Is About to Spark a Massive Job Market Boom
