BofA throws cold water on AI apocalypse panic: 60% of today’s jobs didn’t exist in 1940

Bank of America's research argues against AI job apocalypse narratives by citing 85 years of labor market history: 60% of current U.S. jobs didn't exist in 1940. While 840 million jobs globally face AI exposure, the bank distinguishes between exposure and elimination, noting that economies have repeatedly innovated past technological disruptions.