Morgan Stanley sees AI jobs surge in 3 areas related to AI—even though there’s not enough revenue yet

Core Insights - Morgan Stanley highlights a shift in the relationship between revenue growth and headcount growth due to AI, suggesting that AI is intensifying work rather than reducing it [1][3] - Despite concerns about job losses, many CEOs are still planning to hire more employees, indicating a complex labor market dynamic influenced by AI [1][3] AI's Impact on Labor Demand - The investment bank identifies three areas where AI is creating demand for workers, even as it threatens to displace jobs in other sectors [2][3] - Discussions at the Technology, Media & Telecom Conference focused on how AI can enhance productivity without increasing headcount, with many companies reporting positive results [4] Job Creation vs. Job Displacement - Deutsche Bank Research Institute predicts that while AI may displace 92 million jobs, it could also create 170 million new roles, suggesting a net positive effect on employment [5] - Morgan Stanley emphasizes that the disruption caused by AI is already occurring, with immediate effects on the labor market [5] Skilled Trades Demand - Morgan Stanley identifies skilled trades as a critical and underappreciated sector, with a significant demand for electricians, electrical engineers, and construction workers driven by AI infrastructure development [6] - Executives from CoreWeave report a shortage of thousands of skilled-trade workers necessary for data center construction, indicating a persistent supply-demand gap due to the time required to acquire relevant skills [7]