Submission Statement: Matt Darling discusses how AI has changed labor markets for both job seekers and firms. The upshot is that reduced search costs have led to more applications with fewer matches, that have also reduced quality of signal for the firms. This is relevant to the sub due to potential implications for labor markets and domestic public policy.
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Submission Statement: Matt Darling discusses how AI has changed labor markets for both job seekers and firms. The upshot is that reduced search costs have led to more applications with fewer matches, that have also reduced quality of signal for the firms. This is relevant to the sub due to potential implications for labor markets and domestic public policy.
See: [Birinci et al. (2023)](https://serdarbirinci.weebly.com/uploads/4/8/6/3/48631293/bsw_october2023.pdf) for a primer on job-search dynamics