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Why a viral chart about AI-driven job destruction might actually be ‘the stupidest chart in the world’

1. Economist Dario Perkins debunks viral chart linking AI to labor market issues. 2. Job openings peaked in March 2022, prior to AI's public debut. 3. Chart misrepresents effects of COVID-19 pandemic rather than AI impacts. 4. Perkins argues job openings are rebalancing, not job destruction. 5. Debate continues over AI's actual impact on labor market dynamics.

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FAQ

Why Neutral?

The misleading chart does not alter the overall bullish sentiment surrounding SPY.

How important is it?

The discussion on AI's impact on labor markets is relevant but does not significantly influence SPY.

Why No Impact?

Current labor market dynamics related to AI will have no immediate effects on SPY’s valuation.

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