Matthew Weir

Bear with me.

Some numbers here.

Sure.

There are 170 million jobs in the U.S.,

Each year there are about 25 to 30 million jobs either lost or destroyed.

But on the other side of that, and this is creative destruction, new jobs are created and there are more new jobs created than jobs destroyed.

So as we put that one million number into context,

We think that a lot, if not all of those jobs lost to AI, will be replaced by new jobs.

Think about the investment we've seen so far, whether it's the construction of data centers, think about rising financial market prices, that's increased net worth, and it's increased consumer consumption.

And so as we think about the net impact longer term, we're bullish, and we think that this is something that will be additive, even though over the short term there will be some tough adjustments.

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