The AI Job Apocalypse Is Being Delayed
Despite warnings of AI replacing white-collar jobs, the labor market has remained relatively calm and is expected to persist for the rest of the year. Workers' fears of rising unemployment and AI-driven job losses have some reasons to be alleviated.
Artificial intelligence is rapidly changing how we live and work, but a relative calm has descended on the labor market and is expected to continue. Two fears coming into 2023 were a continued cooling in job growth pushing the unemployment rate higher and rapid AI progress accelerating job losses. There are reasons to be less concerned on both fronts. The labor market has remained calm so far, alleviating some of the fears. The calm is expected to persist for the rest of the year.
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