SS: grad jobs have been on the decline ever since the end of the pandemic, with unemployment slowly rising for all skill levels, which is unusual as typically the rises in unemployment are fast rather than slow. As discussed before, I believe the sub will get value from this in assessing of the promise of work via university education is all its living up to be (I'd argue it is, but with diminishing returns now). there are also questions of if AI plays a role, but this is unclear
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Young people without work probably don’t appreciate the status quo as much as someone 10, 20 years ago (ignoring 2008 ofc lol)
Safe to say, not conducive to support for liberal policy
My experience in the corporate world is that the AI effect on jobs is overplayed. To the extent that hiring has collapsed, it’s a combination of the following:
* Toxic and pervasive economic and policy uncertainty
* Ever-increasing employment costs, not just salaries but things like benefits and contributions
* Outsourcing entry-level jobs entirely
* Extreme C-suite emphasis on short-term performance and balance sheet correction