> The Economist estimates that AI has so far created around 1m new jobs in America. That easily exceeds the roughly 200,000 lay-offs attributed to AI since mid-2023, and appears more than enough to offset weaker hiring in many back-office roles. America’s AI infrastructure splurge has created many of them. (...) That building spree requires armies of workers: electricians to wire them, HVAC specialists to stop racks from overheating, grid engineers to hook them up to the power supply and technicians to install and maintain the machines.

I'm not sure whether the salaries of the new jobs are on par with those of the lost jobs.

"easily exceeds the roughly 200,000 lay-offs attributed to AI "

Except that is hogwash, "attributed to AI" is basically the CEO screwing up something in the business and AI-washing their mistake because it's convenient.

I thought the whole thing was AI was leading to underhiring not necessarily layoffs

“One million high-paying upper-middle class family supporting jobs were destroyed, but on the bright side, one million minimum-wage Walmart greeter jobs were created! See? We’re breaking even!”