AI has turned the office into a weird productivity potluck. Everyone brings a tool, nobody agrees on the recipe, and somehow output keeps rising. Apollo’s Torsten Sløk recently revived Jevons paradox for the AI economy: when technol...
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What a 160-Year-Old Paradox Reveals About AI and Accounting Jobs
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Torsten Sløk, chief economist at Apollo, applied a revived Jevons paradox to the AI economy, suggesting that AI advancements leading to cheaper professional services could result in growing market demand and creation of more professional jobs. However, recent data indicates a decline in junior roles in AI-exposed fields, suggesting AI could also lead to a structural shift in these professions, with fewer traditional entry points and more reliance on experienced personnel, potentially resulting in fewer professionals trained in the face of increasing demand, signaling a need to rethink training methods.
AI has turned the office into a weird productivity potluck. Everyone brings a tool, nobody agrees on the recipe, and somehow output keeps rising. Apollo’s Torsten Sløk recently revived Jevons paradox for the AI economy: when technol...
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