Hassett Linked AI Adoption to Job Growth
National Economic Council Director Kevin Hassett says artificial intelligence is boosting employment and wages.
Updated on Sept. 28, 2026 in Employment
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National Economic Council Director Kevin Hassett reported that firms using artificial intelligence see higher employment and wage levels due to increased productivity. This outlook contrasts with public concerns regarding the technology's long-term impact on the labor market.
Why it matters
The analysis highlights how businesses are leveraging investment in data centers, power systems, and semiconductors to drive growth. This productivity surge is projected to support robust annual GDP expansion.
Official projections indicate $10.3 trillion in U.S. investment for artificial intelligence between 2025 and 2032. Forecasts estimate annual GDP growth will reach 4% alongside a 5% rate for the third quarter of 2026.
The players
Kevin Hassett
He serves as the director of the National Economic Council.
Pew Research Center
This organization provides nonpartisan research on social issues, public opinion, and demographic trends.
Economic Club of New York
This is a prominent forum for discussions regarding economic, financial, and political issues.
The details
Companies integrating artificial intelligence are experiencing notable gains in sales and staff numbers. Hassett noted that capital expenditures are concentrated in networking equipment, specialized semiconductors, and supporting infrastructure.
Timeline
June 2026: Pew Research Center conducted a survey on AI job sentiment.
September 28, 2026: Kevin Hassett addressed the Economic Club of New York.
Q3 2026: The U.S. economy is projected to grow at a 5% annual rate.
2025-2032: $10.3 trillion in total U.S. investment in artificial intelligence is expected.
Macro View
This report frames the current labor market shifts within the 2025-2032 projected AI investment cycle. The findings provide an updated economic outlook on the progress and structural impacts of the 2025-2032 projected AI investment cycle.
The projected 4% annual GDP growth suggests potential stability for family incomes and long-term job security despite widespread public apprehension. Readers may see wage variations as businesses continue to prioritize AI-driven productivity gains.
The takeaway
While economic data points toward AI-driven prosperity, a significant majority of adults remain skeptical about the future of their own employment. Balancing institutional optimism with public sentiment remains a core challenge for long-term economic planning.
Further reading
Learn more about labor trends in our Employment section.
Source note: This article includes information reported by CFO Dive.
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Do you believe the adoption of artificial intelligence will eventually create more jobs than it eliminates?
