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440 points pseudolus | 1 comments | | HN request time: 0.204s | source
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kerblang ◴[] No.45057750[source]
High interest rates + tariff terror -> less investment -> less jobs

But let's blame AI

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ToValueFunfetti ◴[] No.45058100[source]
You really do have to account for why this is mainly happening in industries that are adopting AI, why it's almost exclusively impacting entry-level positions (with senior positions steady or growing), and why controlling for broad economic conditions failed to correct this. I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.
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1. giantg2 ◴[] No.45058609[source]
Software development is one of the listed industries. Well before AI we have seen that few companies wanted entry level devs due to the training and such.

Reducing in call centers has been going on for a while as more people use automated solutions (not necessarily AI) and many of the growing companies make it hard to reach a real person anyways (Amazon, Facebook, etc). I feel like AI is throwing fuel on the existing fire, but isn't as much of a driver as the headlines suggest.