Apollo’s chief economist refutes AI job-stealing claims: spending boom is boosting employment, Jevons paradox unfolding in real time

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Apollo Global Management chief economist Torsten Sløk recently struck a contrarian note in a blog post, arguing that AI is driving job growth rather than eroding jobs. Sløk cited the ADP National Employment Report, which showed steady job growth in recent months with the private sector adding nearly 110,000 new employees in April, stating that