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CESifo study finds no broad AI-driven hiring drop for recent college grads

A working paper from CESifo researchers Robert Fairlie and Jane Wu concludes there is no significant evidence that AI has widely reduced hiring or increased displacement among recent college graduates, contradicting an earlier Stanford study that found weaker entry-level employment in AI-exposed fields. The researchers note firms have recently increased AI spending and task automation, suggesting graduates in 2026 could face different conditions than those studied so far.