Sløk pointed to ADP employment data as evidence, concluding that the AI spending frenzy is “stoking both employment and inflation.” And thanks to the tech boom, he even believes that nonfarm payrolls in May—accounting for all U.S. workers excluding agriculture laborers, private household staffers, non-profit employees, and government professionals—could come in higher than the 95,000 jobs that are generally predicted.
Ever since ChatGPT stepped onto the scene in 2022, workers have been hand-wringing over the fate of their careers—all while leaders have stoked fears with alarming predictions.
