AI Boom, Job Doom: ChatGPT Sparks Stock Market Rally But Millions Risk Losing Jobs
Since ChatGPT’s launch in November 2022, U.S. stocks have surged over 70 percent while job openings dropped nearly 30 percent, sparking debate over AI’s economic impact. Experts say the decline began with Fed rate hikes, not AI alone. While tech stocks soared, younger workers in AI-exposed roles faced job losses — showing AI is influential but not solely responsible.
Since ChatGPT’s launch in November 2022, U.S. stocks have surged over 70 percent while job openings dropped nearly 30 percent, sparking debate over AI’s economic impact. Experts say the decline began with Fed rate hikes, not AI alone. While tech stocks soared, younger workers in AI-exposed roles faced job losses — showing AI is influential but not solely responsible.
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