Are Young Workers Facing the AI Apocalypse?
We're diving into a pretty heavy topic today: the impact of AI on jobs, especially for those just starting out in their careers. Recent findings from Goldman Sachs reveal that AI is cutting around 16,000 net jobs a month, and let’s be real, it’s the younger workforce that’s feeling the brunt of this shift. I remember when we were told that if we worked hard and paid our dues, everything would fall into place—well, it seems like that promise is slipping away for the next generation. While I understand the business logic behind using AI to do things faster and cheaper, it’s heartbreaking to think about all the 20-somethings who are struggling with loans, bills, and the need to gain valuable experience. This situation feels like an apocalypse for many, and honestly, it could lead to bigger issues down the road. What do you think about this? Let’s chat about it at jamesabrown.net.
Takeaways:
- In the past, working hard and paying dues opened many doors for us, but that's changing.
- Current trends show that AI is eliminating around 16,000 jobs monthly, impacting young workers significantly.
- While I understand the efficiency of AI, we must consider the young workers who need opportunities.
- For many young people today, job losses due to AI can feel like an impending apocalypse.
Links referenced in this episode:
Companies mentioned in this episode:
- Goldman Sachs
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy
Transcript
This is the Daily note from jamesabrown.net My generation was told, work hard, pay your dues and doors will open.
Speaker A:And it worked for a lot of us.
Speaker A:But the next group of workers less so.
Speaker A:Goldman Sachs economists reviewed real payroll records and found that AI is eliminating about 16,000 net jobs a month and that the people hit hardest are young workers in their early jobs.
Speaker A:And on one hand I get it.
Speaker A:If I can do it faster and cheaper, why wouldn't you use it?
Speaker A:But on the other side, I see the 20 something who needed that job because they have loans and bills and need to learn some useful skills.
Speaker A:To them, this probably feels like the apocalypse.
Speaker A:It might be, but let's hope not, because then we have bigger problems.
Speaker A:What do you think?
Speaker A:Let me know on jamesabrown.net on that note.
Speaker A:I'm James A.
Speaker A:Brown and as always, be well.
