AI will change the labor market forever | Stephanie Roth, Wolfe Research

Stephanie Roth is the chief economist at Wolfe Research, and was previously an economist at JPMorgan. She joined Phil Rosen on Full Signal to discuss how AI is changing jobs and the labor market, whether AI is driving productivity gains, Big Tech’s capex plans, its impact on young people finding jobs, comparisons to dot-com, and what investors are missing today.This episode is sponsored by Public: https://public.com/openingbellSubscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribeFollow Phil on X: https://x.com/philrosennFollow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/0:00 - Intro0:30 - Labor market outlook2:50 - AI and layoffs3:57 - AI driving new jobs, productivity6:30 - Broad AI adoption in economy7:15 - Youth unemployment11:00 - Public & Generated Assets12:07 - AI capex and GDP15:30 - Economic vs. asset price bubble16:55 - AI isn’t dot-com bubble17:50 - What investors misunderstand on AI19:16 - K-shaped economy22:55 - Consumer spending25:55 - Inflation and tariffs26:55 - Affordability and consumer sentiment28:00 - Bias of sentiment surveys30:30 - New Fed Chair, Fed independence33:55 - White House policy36:48 - What economists got wrong on tariffsDisclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.#podcast #investing #markets #macro #stocks #bitcoin #fed