[Windchaser]

> If AI was truly strong, we would be seeing signs in the job market.

Recalling past business cycles, the job market can look "strong" with low unemployment, even while a lot of creative destruction is going on. Look at the 2004-2009 cycle, where the economy looked strong until some time in 2008 even though a lot of money was being wasted on bad projects.

It's only when the tide goes out that you see who's swimming without trunks. So unemployment doesn't typically rise until the recession part of the cycle.