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A 160-year-old paradox explains why AI will create more lawyers and accountants—not fewer, top economist says

  • Posted on April 28, 2026
  • By Fortune
  • 0 Views
  • 1 min read
In brief

Contrary to widespread concerns about AI-driven job displacement, economist Torsten Slok from Apollo argues that artificial intelligence will paradoxically increase demand for legal and accounting professionals. Drawing parallels with the 19th-century Jevons Paradox—which demonstrated how coal efficiency boosted coal consumption rather than reducing it—Slok suggests AI will expand service markets, creating more opportunities for specialized professionals despite automation advances.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

A 160-year-old paradox explains why AI will create more lawyers and accountants—not fewer, top economist says
A 160-year-old paradox explains why AI will create more lawyers and accountants—not fewer, top economist says

Apollo chief economist Torsten Slok thinks AI doomers may be proven wrong. Just swap in "people" for "coal" in Jevons Paradox.
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Author
Fortune

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