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July 12, 2026
Partner, Chief Economist
A new study from Ramp, linking observed AI spending to workforce records across 21,559 US firms, finds that companies adopting AI grow their headcount 10% over the two years following adoption.
These gains are entirely driven by high-intensity adopters with entry-level jobs rising by about 12%, suggesting that heavy AI investment is complementing workforce growth rather than replacing workers, see chart below and here.
Sources: Ramp, Revelio Labs; Kharazian, Simon and Stevens (2026), "A New Look at AI's Impact on Jobs: Firm-Level AI Spending and Workforce Adjustment”; Apollo Chief Economist
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