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AI adoption linked to 13% decline in jobs for young U.S. workers: study

(www.cnbc.com)
440 points pseudolus | 1 comments | 28 Aug 25 14:13 UTC | HN request time: 0s | source
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kerblang ◴[28 Aug 25 22:27 UTC] No.45057750[source]▶
High interest rates + tariff terror -> less investment -> less jobs

But let's blame AI

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ToValueFunfetti ◴[28 Aug 25 23:15 UTC] 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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johnnienaked ◴[29 Aug 25 00:18 UTC] No.45058528[source]▶
The jobs are going to India
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edm0nd ◴[29 Aug 25 01:16 UTC] No.45058916[source]▶
They will come back (eventually).

Having to work with ESL contractors from firms like Cognizant or HCL is true pain. Normally it would be like 3-4 US employees working on something and then its like 20-30 ESL outsourced people working on something. The quality is so poor though its not worth it.

My current org nuked their contract w HCL after 2 years because how shitty they are and now everything is back onshore. Millions wasted lol. Corporations are so silly sometimes.

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1. surajrmal ◴[29 Aug 25 01:21 UTC] No.45058943[source]▶
They also need 5 people to do the work of one us worker. And then another US worker to guide and do some qa on the output they produce . I don't see how it saves money. There are other countries with lower wages than the US where this doesn't happen such as Poland or Australia.