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news@hexbear.netEnglish · 2 days ago

Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ I guess AI is going to be how they're going to explain the recession away. 🤷

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Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ I guess AI is going to be how they're going to explain the recession away. 🤷

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news@hexbear.netEnglish · 2 days ago

cross-posted to:
usa@lemmy.ml

Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’ | Fortune

Powell said the Fed is walking a tightrope as AI-fueled investment props up growth but erodes hiring.

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