"Cutting by attrition lowers costs with minimal political blowback. When someone who leaves or retires isn't replaced, the people who are harmed by it are real, but unknowable."
"If large numbers of employers move in that direction, decisions that are rational when considered in a vacuum become cumulatively devastating. Without jobs, how will people buy the goods and services being produced?"
"Higher ed has been on the leading edge of this movement for decades. The shift to a largely adjunct faculty protected early incumbents at the cost of their former students."
Job displacement due to AI may create more conversations about the challenges faced by newcomers in the workforce. Cutting by attrition reduces costs for employers but disproportionately affects new employees. The macroeconomic impact of this trend is significant, as it undermines the ability of future generations to secure jobs. The shift towards adjunct faculty in higher education exemplifies this issue, where protecting incumbents has come at the expense of former students. The long-term consequences of these decisions could be detrimental to the economy.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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