Technology Stocks and the S&P 500: Outlook on Labor Shortage, AI, and Productivity Boom by 2024

The article discusses the potential impact of artificial intelligence (AI) and automation on the labor market and productivity in the coming years. It highlights that technology stocks, particularly those in the S&P 500, are expected to benefit from the adoption of AI and automation technologies. The article suggests that the current labor shortage could drive companies to invest more in AI and automation to boost productivity. By 2024, the article predicts a productivity boom fueled by AI, which could lead to higher corporate profits and stock valuations. However, it also acknowledges the potential risks of job displacement and the need for workforce retraining. The article emphasizes the importance of monitoring the adoption of AI and its effects on various industries and the overall economy.

Source: https://markets.businessinsider.com/news/stocks/technology-stocks-sp500-share-outlook-labor-shortage-ai-productivity-boom-2024-5