Torsten Slok applies Jevons paradox to AI, predicts job growth in professional sectors
Updated
Updated · Fortune · Apr 28
Torsten Slok applies Jevons paradox to AI, predicts job growth in professional sectors
9 articles · Updated · Fortune · Apr 28
Slok argues AI-driven efficiency will expand employment in law, accounting, and consulting, citing historic highs in U.S. new business formation and recent declines in youth unemployment to 5.6%.
He contrasts this view with studies showing AI automates some white-collar tasks, and notes underemployment among recent graduates has surged to 42.5%, with bachelor’s degree holders now a quarter of all unemployed Americans.
While industry-level job growth is evident, research shows AI may reduce entry-level hiring, especially for young workers, suggesting AI could restructure rather than simply expand professional employment opportunities.
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