Last year, U.S. employers explicitly blamed AI for 55,000 of the 1.17 million job cuts, according to Challenger, Gray & Christmas. That's fewer than 5% of layoffs. AI is not yet the bête noire nor the magic elixir that people have made it out to be. (Forgive the mixed metaphors there; proof of a human at the helm.) In August, MIT released a study that found 95% of generative AI pilots fail to generate meaningful return.
'There could be a little bit of, almost, quiet time in the labor market,' Hassett told show host Joe Kernen, 'Because firms are finding that AI is making their workers so productive that they don't necessarily have to hire the new kids out of college and so on.' Hasset, however, maintains the position that AI will eventually create more jobs in the long run.
"I would make something with AI that that team is probably not using or doing. I would send it to everybody on that team and I'd say, 'look, I built this for you, and I doubt you have this, and if you hire me, I will build more of it,' Rogier says. 'That will get every hiring manager to respond to the email and want to talk to you. "It'll be so far ahead of what their internal teams are built, they'll be like, holy shit, I need that on my team,' he adds."