Bloomberg Surveillance · Tuesday, July 7, 2026
A study by Ramp indicates that increased spending on AI within companies has correlated with higher job growth, contrary to 'doomsday' scenarios about AI eliminating jobs. This suggests a shift in narrative, with AI potentially augmenting rather than replacing human workers.
“Yeah, and Ramp had a really interesting study over the last week that they put out where they basically look at what has been the cost and the spending on AI among different companies and what they did that they looked at, well, what was the job growth in those companies that had more spending on AI? And they did indeed find that more spending on AI, it actually resulted in more job growth.”
“So one way of looking at this is one dimension of saying, what's the actual spending relative to the more theoretical matching of occupations with what's been going on with job growth in those sectors that also have been spending on AI.”