'Zero evidence': Apollo's chief economist says AI-related job losses aren't happening

Date:
Mon, 01 Jun 2026 17:10:00 +0000

Description:
Apollo's chief economist disregards concerns that AI is causing job losses argues many sectors are seeing huge growth.

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Torsten Slk says there's been "zero evidence" of AI-induced job losses Hiring for AI specialists, data center staff and more has surged Jevons Paradox has caused increased demand, despite efficiency Apollo Global Management's chief economist Torsten Slk declared in a blog post that "there is zero evidence of job losses because of AI," countering years of concerns that artificial intelligence could replace human workers.

However, while Slk claims that there's no net loss of jobs, he does at least acknowledge the widespread displacement caused by shifting priorities. Now, we're seeing more demand than ever for AI specialists, engineers, data center staff and infrastructure and energy workers to keep up with our growing consumption of AI. Latest Videos From You may like White House National Economic Council Director says AI isnt causing job cuts Sam Altman says AI won't lead to a 'jobs apocalypse' Sam Altman says some companies are AI washing by blaming unrelated layoffs on the technology but admits things may get worse soon "There is zero evidence of job losses because of AI" Challenging the concept that AI has caused job losses, Slk reframed the AI boom as something that's actually boosting employment and wages in some of
the sectors most impacted by AI, like semiconductors, data centers, energy, networking and cloud.

He also referenced the Jevons Paradox, noting that despite huge efficiency gains causing knowledge work to become cheaper, firms are consuming more of
it and hiring more workers to fill that growing gap.

Just like previous revolutions, AI is still set to cause a major labor market disruption, with many companies blaming tens of thousands of layoffs directly on the technology, however critics argue this is often a label slapped onto cost-cutting measures to tackle overhiring and changing priorities.

On that note, many tech giants cutting workers have simultaneously opened up positions in other high-growth areas, backing up the narrative of a 'shift' instead of a 'net loss'. Are you a pro? Subscribe to our newsletter Sign up
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"The bottom line is that the AI spending boom is stoking both employment and inflation," Slk concluded (via Business Insider ). Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds.



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