Harvard Got It Wrong: AI Is NOT Killing Entry Level Jobs
SMRTR summary
Youth unemployment has risen to its highest level in four years, with recent Harvard and Stanford studies blaming AI adoption for a sharp decline in entry-level hiring since 2023. However, researcher Jing Hu argues these studies overlooked a critical factor: the Federal Reserve's aggressive interest rate hikes from near-zero to 5.5% between 2022-2023, which historically devastates junior hiring during economic downturns. Current AI adoption remains limited, with most companies still experimenting rather than scaling the technology enterprise-wide.
SMRTR provides this summary for quick context. The original article belongs to Forbes.
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