Like the stock market, the jobs market has a history of adapting to destructive tech 🤖

Long-term growth always comes with a lot of short-term volatility 😥

One of the many concerns about artificial intelligence is that it is destroying numerous jobs.

While layoff activity at the national level remains historically low, it is also true that even during economic booms, U.S. companies lay off around 1.5 million to 2 million workers a month. And in recent months, a flood of news has emerged about companies announcing layoffs as they seek opportunities to automate tasks with AI.

So in the short term, AI is happening, and a lot of workers are getting displaced because of it.

But as more companies embrace AI, does this mean we should expect a long-term structural increase in unemployment?