Last Friday’s jobs report confirmed what we contrarians have been discussing for months now—thanks to AI, employers no longer need to hire more employees to grow.
This “growth without headcount” revolution is happening throughout the economy. The US added only 22,000 new jobs in August and 107,000 jobs over the last four months. Meanwhile, it’s estimated that 100,000 fresh gigs are needed every month to keep up with population growth—which means we are 70,000 short per month of that target.
Bad news for job seekers (such as new college grads) but bullish for business owners.
Let’s talk about an 11% dividend that is directly benefiting.
This post originally appeared at Contrarian Outlook.