Fortune· 2h ago· 1 min read
People are sick of AI; they're sick of predictions that AI will take your job, and they're sick of the supposedly smartest economists around failing to explain what is happening. Perfect timing, then, for a new theory that ties all of the threads together in an elegant explanation: AI isn't wiping out jobs, but it is cutting wages. No wonder workers are in revolt.
New research from Apollo Global Management shows the technology's earliest measurable damage isn't job losses, but smaller paychecks. That finding arrives in the middle of one of the most fractured debates in economics right now — one where even the people building the AI systems can't agree on what their own data shows.
An economist changes his mind
Apollo chief economist Torsten Slok has spent much of 2026 arguing that the macroeconomic impact of AI on the labor market was essentially invisible. In April, he wrote that…
Continue reading at FortuneDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
Migrants cross border into Spain’s Ceuta, overwhelming police, Guardia Civil says
14m ago
Read More
Explainer-What to know about the US outbreak of cyclosporiasis intestinal illness
14m ago
Read More
Earnings call transcript: Viridien H1 2026 cash flow improves as revenue falls
15m ago
Read More
Regency Centers Q2 2026 slides: occupancy hits 97%, guidance raised
15m ago
Read More
Jersey Mike’s shares fall 8.7% in New York debut
15m ago
Read More
Ivanhoe Mines Q2 2026 slides: record zinc output, copper guidance tightened
15m ago
Read MoreLatest in Business
Cyclosporiasis cases in Michigan rise to 10,386 in ongoing outbreak
Investing.com · 15m ago
US government map of Africa mislabels every country at global conference
Investing.com · 15m ago
Mercedes-Benz to recall more than 310,000 US vehicles citing risk of failure to detect open door
Investing.com · 16m ago
Tourmaline July 2026 slides show growth ambitions amid Q2 miss
Investing.com · 17m ago
The cyclospora outbreak is the biggest ever. Why the ‘unusual’ outbreak is so hard to manage.
MarketWatch · 24m ago
Jersey Mike's stock falls 2% in public market debut after pricing shares at $23
CNBC · 27m ago
Group 1 Q2 2026 slides: Hennessy deal amid earnings miss
Investing.com · 32m ago
AGCO Q2 2026 slides: mixed results as Europe weakness offsets NA gains
Investing.com · 32m ago
Most Read Today
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 4d ago
Six students sustain minor injuries as fire destroys Leklebi SHS House Master's apartment
3News · 4d ago
Liverpool told to move for La Liga defender this summer
Yahoo Sports · 4d ago
Insecurity: Group commends Tinubu’s approval of 12 new Nigerian Army Divisions
Nigerian Tribune · 2d ago
FG predicts drop in cooking gas prices
Daily Trust · 2d ago
Real Madrid close in on Yan Diomande as PSG withdraw from race
Yahoo Sports · 4d ago
‘176,000 Nigerians visited Ghana in 2025’
Punch · 2d ago
Frugal innovation linked to Nigeria’s infrastructure growth
Peoples Gazette · 2d ago