What Happened to the AI Job Crisis?

I saw this going viral, “Where Is the AI Jobs Crisis?“: If AI were triggering a jobs crisis, we would expect job openings to collapse and unemployment to climb, yet the opposite is happening. The number of job openings per unemployed worker has started to rise again and is now back above 1.0, meaning there are still more jobs available than workers to fill them, see chart below. The May jobs report reinforced this with nonfarm payrolls jumping by 172,000, confirming that there are no signs of workers being replaced by ChatGPT. This agrees with earlier posts that the inevitable or awaited “AI job crisis” is a creation of the media and various bloggers and podcasters, who have staked their reputations on this belief that AI will lead to mass joblessness. If job openings are unconvincing, you can also look at the official unemployment rate, which remains historically low at just 4.3-4.7%. The point is, employers are NOT downsizing due to AI. Labor is one of the biggest costs, so surely…