AI Reality Check: Is AI Stealing Entry-Level Jobs?

The podcast addresses the question of whether AI is reducing the market for entry-level jobs, countering the alarming headlines suggesting AI is wrecking the job market for college graduates. It references economist Torsten Slak's analysis of Bureau of Labor Statistics data, which reveals no structural increase in unemployment among younger workers or U.S. college graduates aged 22 to 27 due to AI. The podcast also cites Roger Carman's Atlantic article, which discusses Nathan Goldschlag's findings that differential unemployment rates are a statistical mirage caused by non-college graduates leaving the job market. Despite the messy job market influenced by the pandemic and overhiring in tech, the podcast concludes there's no clear signal that AI is slowing down entry-level hiring.