Trump AI Czar David Sacks Debunks AI-Linked Job Losses As Vanguard Study Shows Wage, Hiring Boost: 'AI Job Loss Hoax Exposed' - First Trust DJ Internet Index Fund (ARCA:FDN)

White House AI and Crypto Czar David Sacks has rejected the narrative that artificial intelligence (AI) is a threat to the American workforce, citing new data from Vanguard that suggests the technology is currently a significant driver of hiring and wage increases.Data Contradicts Displacement FearsIn a statement posted to social media platform X, Sacks dismissed the fear of widespread labor displacement as a “hoax,” pointing to statistics showing that occupations with the highest exposure to AI automation ...