#ai-and-employment

#ai-and-employment

"Don't put your head in the sand," he urged. "It is what it is. We're gonna deploy it." "Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably. . . . However, it may go too fast for society, and if it goes too fast for society that's where governments and businesses [need to] in a collaborative way step in together and come up with a way to retrain people and move it over time."

It's not very encouraging. According to very recent research from Stanford's Digital Economy Lab, published in August of this year, companies that adopt AI at higher rates are hiring juniors 13% less. Another study from Harvard published in October of this year cites that early-career folks from 22-25 years old, in these same fields, are experiencing greater unemployment while senior hiring remains stable or even growing.

LinkedIn's chief economic opportunity officer recently warned that AI is "breaking" entry-level jobs that have historically served as stepping stones for young workers. As Aneesh Raman wrote in The New York Times, "Breaking first is the bottom rung of the career ladder." AI tools are performing simple coding and debugging tasks that junior software developers once did to gain experience, along with work that young employees in the legal and retail sectors traditionally handled.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

With so many people seeking further education as they get edged out of the job market by AI, Tarifi offered a different perspective: that nobody "should ever do a PhD unless they are obsessed with the field." The AI veteran also told BI that he'd advise caution to anyone looking to get into the fields of medicine and law, which take years - and often hundreds of thousands of dollars - to complete a degree.