AI's Impact on Young Workers: A Job Jumble

Here’s a topic that’s sure to spark some lively debate over your next cuppa: AI is shaking up the job market, and it’s not all sunshine and rainbows for young workers.

A fresh study from Stanford University reveals that early-career workers, particularly those aged 22-25 in AI-heavy fields like software development and customer support, are seeing a 13% drop in employment. Yikes!

Think of it as a digital game of musical chairs, where AI is swiping seats faster than you can say “automation.” The study, using ADP payroll data, suggests these young workers might be the proverbial “canaries in the coal mine” for AI-related job loss. It’s a bit like having a front-row seat to a sci-fi movie, but with real-world consequences.

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And it’s not just a niche concern. A Reuters/Ipsos poll found that a whopping 71% of Americans fret about AI gobbling up jobs. Even Anthropic CEO Dario Amodei has predicted a future where AI could nix half of all white-collar roles. Gulp!

But before you start stockpiling canned goods, there’s a silver lining. Older workers in AI-affected fields haven’t experienced the same employment dips, and other entry-level sectors are actually seeing growth. So, while AI might be causing a ruckus in certain areas, it’s not the end of the world—or the workforce.

As with all things AI, the situation is as complex as a Rubik’s Cube. Young professionals should keep their eyes peeled and skills sharp while navigating the job market. The future might be uncertain, but it’s also full of opportunities for those ready to adapt and thrive. Keep calm and carry on, job seekers!

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Want to hear more? Join Mal & Matt on the Property AI Report Podcast each week!

Access from your preferred podcast provider by clicking here

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