>Artificial intelligence isn’t driving mass layoffs but it is still driving radical shifts in the labor market.>While companies like Amazon and Walmart have blamed job cuts on AI this year, the data instead suggest a quiet, more pointed hiring freeze specifically at the entry level. >Rather than framing this as robots taking human jobs, the economic reality more closely resembles a hesitance from businesses to create new jobs in the first place.>“The rise in youth unemployment might actually be a symptom of the rise in AI,” Stephanie Roth, chief economist at Wolfe Research, told me on Full Signal. “It’s not even that AI is doing the job for these people, but companies have uncertainty about the direction of travel and they want to preserve optionality by not hiring young people.”>Youth unemployment rates have climbed faster compared to older demographics since 2021, data from the Bureau of Labor Statistics show. >The jobless rate for Americans ages 16-24 hovered at 10.6 percent in September.>New tools like OpenAI’s ChatGPT or Google’s Gemini are now on par with a “knowledgeable but not fully reliable assistant,” according to Steve Hou, a quant researcher at Bloomberg. >That’s created a new floor for productivity, which in turn makes marginal hires look costly and slow.https://www.inc.com/phil-rosen/economic-outlook-labor-market-youth-unemployment-fed-rate-cut-ai-technology/91281088
>>524200340better import more jeets then
>>524200501>>524200340Capitalism.
>>524200340>Not hire or train new people>Demand people who are already trained>Hire no one and blame it on AI, but don't even even use AI for a majority of purposes>Can't hire anyone who doesn't exist>Import a ton of immigrants to do the work through shell temp agencies>Don't pay them or enslave them>Use tax payer money to bribe them to leaveHow to speed run a communist takeover
>>524200340AI hasn't replaced a single person. it's just an excuse to fear monger scarcity while their fiscal policies make being employed a hyperinflation nightmare. too bad I don't need your money.
>>524200340Imagine seeing the gen Z rebellions in Nepal and Madagascar and thinking "yeah, we're doing the right thing" by going all in on AI
>>524200775Good take
>>524200340Jeets have taken far more jobs. AI can't even do basic math.
>>524200340I'm Gen Z and I get neetbux thanks to my mum Rachel and my dad Keir.
>>524200808Everytime they fire people, it makes the company look better by raising stocks to sell before they crash them. It's basically the same corporate raiders who ended company pensions at work again. Stocks are scheduled to sell at certain times to avoid corruption, but that's simply when CEOs decide to trigger their lay offs instead. You can actually game the system if you know who the company is rigging is crashing it for, which is why the Gamestop hyping led to criminal arrests, frozen stock accounts, and other bullshittery. We're in the age of corporate welfare rug pulls
>>524200501Only once every job is filled by pajeets doing exactly nothing while all the actual work is done by white serfs will we have finally reached true economic efficiency and the perfection of are democracy
>>524200340Learn to suck cock or go to warr, soldiers and whores.
Anything and everything you read about AI in the mainstream media is marketing paid for by failing AI companies, like OpenAI.
>>52420034040y neet millennial herewhen will it be my turn to be deep in neet zoomer pussy?
Imagine if those unemployed gen z tards started their own company
