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PE bosses expect a blue-collar job boom

Business Insider·Alex Nicoll·26 days ago
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Apollo's Marc Rowan says to expect 'blue-collar ascendancy' and 'white-collar stress' in the age of AI Marc Rowan, CEO of Apollo Bloomberg/Getty Images AI will be good for blue-collar jobs and bad for white-collar jobs, Apollo CEO Marc Rowan said. Within private equity, it will offer opportunities and "succession risk," per some market players. Here's what private markets bosses said about the impact of AI on white- and blue-collar workers. Wide pants , a Middle Eastern oil crisis , and pesky inflation . It almost feels like the 1970s, but don't expect this decade's labor crisis to hit Americans who work with their hands. Instead, the AI-revolution labor squeeze will come for office workers , Marc Rowan, the CEO of private markets giant Apollo, said. "This will be very, very far-reaching, almost every job will be enhanced or replaced," Rowan said, noting this was "certainly" the biggest tech cycle of his career.…

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