Unemployment rates for recent college graduates stand at around 5.6%, well above the level for all workers.
I think we just found the first evidence of AI's expected influence on the labor market.
I think we just found the first evidence of AI's expected influence on the labor market.
According to the Federal Reserve data, the unemployment rate for recent grads only started to exceed the rate for all workers around 2022 and has been widening since.
https://upload.wikimedia.org/wikipedia/commons/a/ab/Unemploy...
I think you'd struggle to draw any conclusions about AI.
Note your quote was "all workers", not "workers of same age with or without a degree"
In the aftermath of 2008, recent graduates hit 7-8%, but their contemporaries without a degree hit 15%
https://www.economist.com/content-assets/images/20250621_FNC...
Doubly so since both phenomena interact: recessions are the time when employers will push hard for disruptive automation.
I hate it, but the X thread is the easiest review piece I can find, https://x.com/pj_lambert/status/2057477629528150369.
I struggle to see how WFH, especially as that was far more common from 2020 to 2023 than 2023 to 2026
Rather than the post-covid slump we've seen globally
> WFH makes supervision, monitoring, and on-the-job learning harder
It makes it different. In many ways it makes it easier, if you have the right supervisors and mentors working in the right way.
The larger impact would be hotdesking. Going to an office and not sitting anywhere in your team makes collaboration harder than working from home.
The requirement to move job to progress in remuneration harms retention, and thus reduces willingness to invest in a junior, but it's the expectation to move job after 2-3 years.