Jevons Paradox is being quoted as a reason for AI unexpectedly driving the job market in a June 2nd 2026 Breitbart Business Digest article. The ‘Paradox’ goes like this: As AI increases some skilled labor, it raises ‘deployment’ of skilled labor above the displacement of jobs caused by AI. The impetus for this comment comes out of the recent Bureau of Labor Statistics report showing job openings surging 731,000 to 7.618 million, beating even the most positive job forecasts from Wall Street economists. In particular, the largest source of the increase was in professional and business services, representing 668,000 of the monthly expansion, which is 91% of the upward move.
Apparently, for the time being, Jevons Paradox, is countering the economic thesis that AI is costing jobs.
With the calming of the oil markets, a new Fed Chairman, the 250th year American Celebration, the Republican Mid-Term Convention and the AI juggernaut and its companion Jevons Paradox, the markets continue to press on.
Things could possibly work out… quite well...
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.