A 160-year-old paradox explains why AI will create more lawyers and accountants—not fewer, top economist says [Fortune]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Fortune
coal-fired steam engine — made coal a more effective energy source. Jevons called it “a confusion of ideas” to assume the efficiency born from this invention would reduce coal consumption. That efficiency actually dramatically increased consumption even as the total amount of coal required for a particular task fell. There's now a term for this seemingly contradictory idea: the Jevons paradox. Recommended Video In a note on Tuesday, Apollo Global Management's influential chief economist Torsten Slok applied the Jevons paradox to the AI age. In this scenario, labor is playing the role of coal, meaning as AI adoption increases, the technology will beget more jobs, not fewer. Slok calls this the Jevons employment effect. As the cost of professional work falls as AI makes tasks more efficient, the market for those tasks will actually expand. The total number of firms and workers in those fields—from law to accounting to consulting—will grow. “When steam engines made coal more effici
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News
- INVESTOR DEADLINE: Apollo Global Management (APO) Investors with Substantial Losses Have Opportunity to Lead the Apollo Class Action Lawsuit– Hagens BermanGlobeNewswire
- INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Apollo Global Management, Inc. of Class Action Lawsuit and Upcoming Deadlines – APOGlobeNewswire
- Early Talks About Merger Reportedly Underway Between Sirius XM And iHeartMedia [Yahoo! Finance]Yahoo! Finance
- Bronstein, Gewirtz & Grossman LLC Urges Apollo Global Management, Inc. Investors to Act: Class Action Filed Alleging Investor HarmPR Newswire
- Apollo Global Management, Inc. (APO) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud LawsuitPR Newswire
APO
Earnings
- 2/9/26 - Beat
APO
Sec Filings
- 2/20/26 - Form 4
- 2/20/26 - Form 4
- 2/20/26 - Form 4
- APO's page on the SEC website