Torsten Slok, chief economist at Apollo Global Management, says artificial intelligence is likely to produce net job gains by boosting productivity, even though some roles may be displaced. In his comparison to the “China shock,” Slok argues that the broader economic effects from major trade changes have historically included more job creation than job loss, despite disruption in certain sectors.
Across Bloomberg’s Markets and Technology coverage, the core message is that AI’s impact should be viewed through the lens of productivity and demand effects, not only automation. Slok contends that improvements in efficiency can increase output and spur new work opportunities, potentially offsetting employment reductions in specific tasks or industries.
The reports do not cite new policy measures or specific AI timelines, focusing instead on Slok’s outlook and analogy. Overall, the coverage presents a cautiously optimistic scenario in which AI alters job composition but does not necessarily lead to overall net employment decline.
