AI Launch Correlates with Job Decline and Market Surge, but the Real Cause Is Debated

Since ChatGPT's launch, the US stock market has surged while job openings have fallen sharply, but economist Derek Thompson argues that the primary causes are monetary policy, trade and immigration policies, rather than AI itself. The decline in jobs is more linked to interest rate hikes and trade restrictions, with AI-related sectors showing less decline than others, and AI stocks contributing significantly to market gains. The situation highlights a divided economy: a booming AI-driven sector and a sluggish broader job market.