Job Losses Are Rising — And That’s Exactly Why the Market Keeps Booming
A Catalyst or a Crisis?
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The news headlines shout “Crisis.”
The unemployment rate in the United States increased to 4.3% in August, the highest level since October 2021.
The statistics are even worse for young people: Youth unemployment rose to 10.8%, creating a dismal image for recent graduates into a workforce that appears less accepting every year.
This is framed as disastrous by major publications.
The story is straightforward and alarming: AI is replacing human labor in every job. Indeed, the fear is supported by evidence.
As part of an automation push, Salesforce eliminated 4,000 customer service positions this year.
According to a Stanford research, early-career jobs in the sectors most impacted by AI have decreased by 13%.
It appears to be the start of a generational crisis in employment.
However, underneath the anxiety is a conundrum that few are prepared to face: growing unemployment might not be a sign of a weak market.
Actually, it might be the spark that starts the bull run’s next explosive leg.
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