Torsten Sløk predicts AI will drive job market boom and boost employment

6 articles · Updated · Business Insider · Apr 29

Apollo Global Management's chief economist, Torsten Sløk, argues that AI will lower professional work costs and increase demand, countering widespread fears of AI-driven job losses.
Sløk cites the Jevons paradox, suggesting that increased efficiency from AI will lead to higher consumption of services and greater workforce needs across industries.
His view contrasts sharply with recent warnings from market commentators about AI-induced employment declines, while other finance experts, like Andrew Slimmon of Morgan Stanley, also foresee AI as a significant job creator.

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