Signs Grow That AI Is Starting to Seriously Bite Into the Job Market

The discrepancy between expectations and reality faced by young college graduates entering the workforce has hit an all-time low in the United States, with figures published by the US Bureau of Labor Statistics showing that new grads are struggling to find jobs. As The Atlantic reports, the cause behind the shift is likely a combination of several factors — including the emergence of generative AI, which it argues has already begun to slowly replace young workers with algorithms. "When you think from first principles about what generative AI can do, and what jobs it can replace, it’s the kind of things that young college grads have done" in office jobs, Harvard economist David Deming told the magazine. "They read and synthesize information and data. They produce reports and presentations." But it's a muddy picture, with the drop in hiring impossible to pin on generative AI alone. Complicating matters considerably is president Donald Trump's chaotic approach to policy, with experts w ... Read full article.