Is AI slopifying the job market? (Two Indicators)

This episode of Planet Money, a segment of NPR's The Indicator, explores the impact of artificial intelligence on the job market, drawing parallels to the Industrial Revolution. The hosts, Darian Woods and Wailin Wong, discuss Ford CEO Jim Farley's prediction that AI will replace a significant portion of white-collar jobs. They interview economist Laura Veldkamp, who studies the labor share of income and finds that AI adoption could lead to a smaller slice of the pie for workers, though the overall pie may grow. The episode also features a segment by Adrian Ma, who speaks with David Koch from PSG Global Solutions about their AI recruiter, Anna, and an experiment conducted by economist Brian Jabarian, which surprisingly found that candidates preferred AI interviews and were more likely to receive job offers. The podcast concludes by pondering the future implications of AI in hiring and the potential shift in power dynamics between workers, companies, and technology.