Cathie Wood: AI Won't Destroy Jobs, It Could Cause a Labour Shortage

Cathie Wood argues that AI adoption may increase hiring rather than eliminate jobs, even as demographic trends continue to shrink the labor force. She points to the RAMP survey, which shows companies using AI more aggressively are seeing employment ranks rise faster.
She notes that baby boomers leaving the workforce, combined with immigration pressure, could keep labor supply falling for years. While entry-level jobs are under pressure, Wood says young workers should use AI to start businesses and solve problems rather than compete for shrinking traditional roles.