Experts have been debating the artificial intelligence-driven impact on employment with contradicting views. While market veteran like Jim Cramer thinks that “AI is still not trusted,” others see trouble brewing in the labor market due to the automation of several human-led jobs.
What Happened: Citing the labor differential and unemployment rate data, Ark Invest’s Cathie Wood said in her “In The Know” series, “Labor differential says that it’s getting harder to find jobs,” while adding that “rising unemployment claims suggest that people who are out of work are finding it difficult to get a job.”
