AI & Labor Economics Market: AI Creates Jobs Rather Than Destroying Them, Reports Show

This article argues that, contrary to widespread fears, AI has so far created more jobs than it has destroyed. It cites The Economist's estimate of about 1 million new jobs in America due to AI, exceeding the roughly 200,000 layoffs attributed to AI since mid-2023. The piece highlights that AI is generating new tasks and roles—such as AI engineers, data annotators, and heads of AI—while boosting demand in sectors like data-center construction and electrical contracting. Company-level research by Kharazian, Simon, and Stevens shows that firms adopting AI tend to hire more humans. The author discusses the psychological tendency to overestimate AI's impact on job security, referencing a paper by Hartley et al. that finds no correlation between AI exposure and actual job loss. The article concludes that, so far, the 'AI job apocalypse' has not materialized.