AI Costs Are Rising, Ghost Jobs Face a Probe, and Wall Street's Talent Pipeline Is at Risk

Episode notes

June 18, 2026: Companies are starting to count the real cost of AI after two years of broad experimentation, from rising token bills to the higher wage premiums commanded by AI-skilled workers. Then I look at Senator Ruben Gallego's push to investigate ghost jobs and whether AI-powered hiring platforms are distorting the labor data policymakers rely on. Finally, I break down Wall Street's hiring dilemma: AI can automate junior-level work, but it cannot replace the apprenticeship that develops future rainmakers, dealmakers, and senior leaders.