Tom Lee Says AI Won't Cause a Job Apocalypse

Tom Lee argued that history shows major technological disruption can eliminate tasks without eliminating employment overall, according to Fundstrat. He said AI could automate large parts of existing workflows while people continue working in higher-value roles, noting past technological shifts have not led to permanent mass unemployment.
As an example, Lee pointed to frozen food's transformation of the food supply chain, during which farming employment fell from 38% of the workforce to just 5%.