The New Yorker John Cassidi: AI employment shock hasn't come as predicted

On September 8th, the New Yorker column author John Cassidi said, "Generate" AI SO FAR, THERE HAS BEEN NO MASSIVE UNEMPLOYMENT AS PREDICTED BY SOME TECH EXECUTIVES. IN THE UNITED STATES, 162,000 NEW JOBS WERE CREATED IN AUGUST, AND THE UNEMPLOYMENT RATE REMAINED AT 4.1%; SINCE AUGUST 2023, THE AVERAGE MONTHLY NUMBER OF LAYOFFS AND LAYOFFS HAS BEEN APPROXIMATELY 1.7 MILLION, CLOSE TO THE AVERAGE FOR 2010-2019。

The New Yorker John Cassidi: AI employment shock hasn't come as predicted

The situation of current university graduates has indeed changed: the unemployment rate for this group has risen from 4.2% in June 2022 to 5.7% in June. Cassidy noted that unemployment among young people between 22 and 27 years of age without a university degree was also on the rise during the same period, and that teleworking made businesses less willing to recruit new recruits requiring on-site teaching, so that changes could not be attributed to AI alone at this time。

McKinsey's business survey showed that the proportion of large enterprises deploying AI Agent increased from 27% last year to 40%, but only 14% were reported to have actually experienced AI-related layoffs, down from 32% expected in the previous year. In the case of the radiology and legal profession, for example, many jobs included communication, coordination and complex judgement, which could not be replaced in the short term by a single tool; he also cautioned that AI was lowering legal fees and that companies might still cut down on primary jobs in order to maintain profitability, a buffer period that should be used to adjust taxes, public procurement and public procurementstart a careerSupport policy。

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