Your email has been successfully added to our mailing list.

×
0 0 0.000892259647557533 0.000605461903699684 0 -3.18664159841653E-05 -0.00175265287913072 -0.00200758420700422
Stock impact report

AI layoffs could far outpace new jobs — past economic shocks reveal how fast that can fuel unrest, a professor says [Business Insider]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in London Business School professor Ekaterina Abramova said that AI layoffs may exceed job creation. Abramova said rapid AI change could spark unrest as institutions struggle to keep pace. Leaders are split: some echo Abramova's warnings, and others predict AI will fuel growth and hiring. A historic labor shock may be about to hit the job market. That's according to London Business School professor Ekaterina Abramova. She said AI is advancing so quickly that it could trigger mass layoffs long before new jobs emerge to replace them — a mismatch that has historically fueled social unrest. Abramova, who studies technology-driven economic transitions, said the past three years of AI advances mark a sharp break from earlier waves of mechanization. In past eras — from 18th-century textile automation to late-20th-century manufacturing decline — Show less Read more
Impact Snapshot
Event Time:
JPM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for JPM alerts
Opt-in for
JPM alerts

from News Quantified
Opt-in for
JPM alerts

from News Quantified