AI vs Employment vs Stock Market: Coincidence or Inevitability?
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Since the release of ChatGPT in October 2022, the number of "job vacancies" in the United States has begun to decline (white line), while the U.S. stock market (red line) has continued to rise. Although the significant contraction of service industry jobs that expanded during the pandemic is an important reason for the reduction in positions, the continuous investment by American companies in AI for "capital expenditures (Capex)" and the reduction of "operating expenditures (Opex)" is indeed a distinct trend. AI has increased company profits and reduced labor costs, which is likely not just a coincidence
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