Tech Sector Set to Skyrocket as Labor Shortage Drives Growth

Friday, 24 May 2024, 01:06
Fundstrat's Tom Lee highlights the significant impact of artificial intelligence in alleviating the global labor shortage, projected to reach 80 million workers by 2030. As a result, the tech sector is expected to dominate the stock market, potentially reaching 50% market share in the near future. This forecast suggests substantial opportunities for investors in tech stocks.
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Tech Sector Set to Skyrocket as Labor Shortage Drives Growth

Global Labor Shortage and Tech Sector Growth

'I think AI is really addressing a global labor shortage of roughly 80 million workers by the end of 2030,' Fundstrat's Tom Lee said.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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