Authored by Joe Bertolami via RealClearMarkets,
A recent report from Stanford reviewed the latest employment data and found that, so far, AI has not resulted in large scale job destruction. Meanwhile, new hiring data from the Economic Times reveals that AI is actively fueling unprecedented job creation, with AI skills now powering nearly two-thirds of new Global Capability Center hiring. Together, these recent dispatches from the front lines of the labor market point to a calming reality: the much-dreaded AI job apocalypse hasn't materialized as a sudden extinction event.
The (sometimes buried) lede: AI is delivering real impact, and it is broadly changing the nature of work. But disruption is not a new phenomenon. The economy has always dismantled old work to build new work. What determines whether this evolution feels like progress or collapse isn't just the number of jobs lost, it's the speed at which that loss hits the labor market.
In 1995, Bill Gates circulated a memo titled "The Internet Tidal Wave," calling the web the most important computing development since the IBM PC. If the internet was a tidal wave, artificial intelligence is a tsunam
